CFO Alliance Supports Sun Dental Holdings in Filing Initial SEC Regulation A Offering Circular

Dec 09, 2015, 11:06 ET from CFO Alliance

TAMPA, Fla., Dec. 9, 2015 /PRNewswire/ -- CFO Alliance, a professional consulting firm with a team of dedicated financial leaders who concentrate in accounting, strategic finance and business process improvement, recently supported Sun Dental Holdings, parent of Sun Dental Labs, with various aspects of the filing of their SEC Form 1-A offering statement. Sun Dental Holdings, through Sun Dental Labs, provides digital dental technology and device manufacturing services.

"Although our original assignment in June was to write the footnotes to the financial statements in the Form 1-A, the engagement quickly progressed to serving as the CFO's right hand, leading the effort to complete the audit, financials and Management Discussion and Analysis in the Form 1-A; which required working with the attorneys, investment bankers and employees, as well as the auditors," says Brooke Evans, CEO of CFO Alliance. "We were able to gain the trust of the Sun executive team quickly and were pleased that they empowered us to lead the most complex elements of the audit and 1-A process."

Approved offerings under the newly revamped Regulation A give companies the ability to publicly solicit up to $50 million in debt or equity capital from ordinary investors without going public. A part of the JOBS Act, Regulation A Plus seeks to draw issuers to a middle ground between private offerings that are limited to wealthy "accredited investors" and full-blown registered public offerings.         

The official SEC process for Sun Dental began with the filing of Form 1-A Sept. 3, 2015, followed by the response to the SEC Comment Letter on Oct. 6 and approval by the SEC Oct. 21.  "The most impressive thing about CFO Alliance is the depth of their team.  At every turn throughout the process of filing our initial offering with the SEC, they had precisely the talent we needed to meet every challenge," said Derek Diasti, chairman and CEO of Sun Dental Labs. 

At the time of the initial filing, Sun Dental Holdings was one of the largest companies to file under the revised Regulation A and one of the first companies to become qualified by the SEC to raise up to $20 million.  Proceeds will be used for strategic acquisitions of domestic and international dental labs and software companies, to purchase additional digital manufacturing equipment and technology and to acquire a dental lab facility in Latin America. Shumaker, Loop & Kendrick, LLP is serving as legal counsel in the Offering. 

In speaking of the contribution made by CFO Alliance, Darrell Smith, co-chair of the Corporate & Securities Law Department of Shumaker, said, "CFO Alliance should be commended for their role in the Sun Dental Labs Regulation A offering. Given the newness of the regulation, their team's effort was particularly impressive. In all my years I have never seen the accounting aspects get through SEC review so seamlessly."

About CFO Alliance
Based in Tampa, CFO Alliance (http://www.cfoallianceinc.com) is a professional consulting firm with a team of dedicated financial leaders who concentrate in accounting, strategic finance and business process improvement.  The firm helps entrepreneurs, CFOs and their investors create conditions for enduring success. 

About Sun Dental Labs
Founded in 2004, Sun Dental Labs (http://www.sundentallabs.com) has been a leader in fixed and removable dental prosthesis worldwide. With state-of-the-art facilities and over 2 million restorations throughout our 7 locations worldwide, Sun Dental Labs offers the perfect fusion of innovative workflow and manufacturing technology. 

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SOURCE CFO Alliance