Phase Change Software LLC has recently filed an amendment to its previous offering, revealing significant updates regarding its fundraising efforts. The company has a total offering amount of $10,040,000, of which it has successfully raised approximately $5,996,357. With $4,043,643 remaining to be raised, this amendment highlights the company's ongoing commitment to securing necessary funding.
The filing, dated November 3, 2026, is crucial for Phase Change Software as it continues to navigate the competitive landscape of the technology sector. The amendment indicates that the company is actively seeking to bolster its financial position, which could be a strategic move to enhance its market presence and operational capabilities.
Background
Phase Change Software LLC, incorporated in Colorado, operates within the technology sector. The company has been actively filing with the SEC, with its most recent filings including a Form D/A on November 3, 2026, and a Form D on January 9, 2026. Its previous name was Iosemantics LLC, which it changed in 2007.
What the Filing Says
The recent filing indicates that the total offering amount is $10,040,000, with $5,996,357 already raised. The document states, "Assumes maximum amount is sold in offering," suggesting that the company is optimistic about achieving its fundraising goals.
Impact
This update may affect various stakeholders, including current and potential investors, as well as the company's directors and executive officers. Notable individuals involved include Gary Brach, the Chief Executive Officer, and other directors such as Jeffrey Diggins and Donald Peskin. The filing also confirms that there are no non-accredited investors involved in this offering.
What's Next
The filing does not specify what happens next regarding the offering or any additional steps the company may take following this amendment.
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