Surround Medical Systems, Inc.
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$4M
Investors
74
Min Invest
$2,500
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What this filing shows
·Every sentence is a value as filed on SEC Form D
Surround Medical Systems, Inc. is a Delaware corporation that first filed a Form D on April 8, 2019 and most recently amended it on June 20, 2023 in the Manufacturing industry group. The offering claims Rule 506(b) and covers equity. Surround Medical Systems, Inc. reported $4,399,500 sold from 74 investors of a $10,000,000 total offering as of the Form D filed June 20, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $2,500. The Form D names Sanders Morris Harris LLC (CRD 20580), associated with None as the recipient of sales compensation soliciting in CA, DE, FL, GA, IA, LA, NC, NY, OH, PR, TN, TX, VA. The issuer's address of record is 507 Airport Boulevard, #107, Morrisville, NC 27560.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing June 20, 2023
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
2
closed, dark
Investor
- 2 offering timelines: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Item 3 changed on the Form D filed 2023-06-20: 1 related person added and 3 removed against the filing of 2019-08-29; 4 now listed. The names are in the Terminal feed.
David R. LaVance
Executive Officer, Director · Morrisville, NC
Thomas S. Gifford
Executive Officer · Morrisville, NC
Richard S. Balot
Director · Morrisville, NC
Kevin S. Hess
Director · Morrisville, NC
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Sanders Morris Harris LLCCRD 20580 on BrokerCheck
Associated broker-dealer: None · Houston, TX · Soliciting in CA, DE, FL, GA, IA, LA, NC, NY, OH, PR, TN, TX, VA
Questions About Surround Medical Systems, Inc.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Surround Medical Systems, Inc.?
Surround Medical Systems, Inc. is a Delaware corporation that filed a Form D with the SEC on June 20, 2023 in the Manufacturing industry group. The filing claims Rule 506(b) for an offering of equity.
Is Surround Medical Systems, Inc. legit?
AltStreet does not rate legitimacy; it reports the public record. Surround Medical Systems, Inc. filed a Form D with the SEC on June 20, 2023 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $4,399,500 sold to 74 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Surround Medical Systems, Inc. registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Surround Medical Systems, Inc. claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Surround Medical Systems, Inc. raised?
Surround Medical Systems, Inc. reported $4,399,500 sold from 74 investors of a $10,000,000 total offering as of the Form D filed June 20, 2023.
Who can invest in Surround Medical Systems, Inc.?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $2,500.
What is the minimum investment in Surround Medical Systems, Inc.?
The Form D lists $2,500 as the minimum investment accepted from any outside investor as of June 20, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Surround Medical Systems, Inc. and how are they paid?
The Form D names Sanders Morris Harris LLC (CRD 20580), associated with None as the recipient of sales compensation soliciting in CA, DE, FL, GA, IA, LA, NC, NY, OH, PR, TN, TX, VA.
Who is behind Surround Medical Systems, Inc.?
The Form D lists 4 related persons: David R. LaVance, executive officer, director; Thomas S. Gifford, executive officer; Richard S. Balot, director; Kevin S. Hess, director. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Surround Medical Systems, Inc. located?
The issuer's address on its SEC filings is 507 Airport Boulevard, #107, Morrisville, NC 27560. Its phone number of record is 919-701-4100. It is organized under the laws of Delaware.
How long is the Surround Medical Systems, Inc. offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
What is Surround Medical Systems, Inc.'s revenue?
The Form D reports a revenue range of $1 - $1,000,000.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.