A Charlotte-based music technology company filed to raise $10 million in financing, according to a Securities and Exchange Commission filing.

Vertigo Media Inc. filed the form D on Sept. 27, 2016. The first sale was on Sept. 20 and $50,000 has been raised with $9,950,000 remaining to be sold as of the date of the filing.

The company selected to offer equity financing and option, warrant, or other right to acquire another security, according to the filing.

Vertigo has filed six form Ds since 2014.

The company filed another form D on Aug. 3, 2016, to raise $10 million in equity financing. The first sale was on July 27, and $500,000 had been raised with $9,500,000 remaining to be sold as of the date of the filing.

An estimated $4.5 million of the offering proceeds may be paid as compensation to employees, $500,000 of which is estimated to be paid to executive officers, according to the filing.

The company also filed a Form D announcing $5 million in equity financing on Jan. 12, 2016. The financing went toward general operating expenses, and an estimated $400,000 may be paid as compensation to employees, according to the filing.

Hal Eason, Harvard Business School graduate and chief executive officer of Charlotte-based venture development firm HALO Partners, is chief financial officer of Vertigo.

Vertigo’s patented technology uses music to add texture and vibrancy to life’s everyday moments, according to the company’s website. The company was incorporated in 2012.

Companies similar to Vertigo, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.

Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism