Saikou Optics Financing
Saikou Optics Inc, Corporation just filed form D about $500,000 equity financing. The date of first sale was 2015-07-30. Saikou Optics was able to sell $433,995. That is 86.80% of the offering. The total private offering amount was $500,000. The financing form was filed on 2016-10-04. The reason for the financing was: The entire proceeds of the Offering shall be used for to provide working capital to the company, of which amount approximately $90,000 will be applied to accrued and current compensation to Related Persons and to repayment of short term loans.. The fundraising still has about $66,005 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Saikou Optics is based in Texas. The filler’s business is Other Technology. The form D was filed by Eric Sanford President. The company was incorporated in 2015. The filler’s address is: 3259 Progress Drive, Suite #128, Orlando, Fl, Florida, 32826. Eric Robert Sanford is the related person in the form and it has address: 1969 6Th. Ave, Se, Vero Beach, Fl, Florida, 32962. Link to Saikou Optics Filing: 000137647416000848.
Analysis of Saikou Optics Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Saikou Optics sold 86.80% of the offering. The fundraising is still open. Could this mean that the trust in Saikou Optics is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 71.82% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this financing was set at $5000. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Saikou Optics Also
The Form D signed by Eric Sanford might help Saikou Optics Inc’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.