Site 10.01 Financing
Site 10.01, Inc., Corporation just had published form D regarding $5.00 million equity financing. This is a new filing. Site 10.01 was able to finance itself with $5.00 million. That is 100.00% of the fundraising. The total private financing amount was $5.00 million. This form was filed on 2016-10-03. The reason for the financing was: Salaries for executive officers..
Site 10.01 is based in Missouri. The filler’s business is Other Technology. The form was submitted by Cleve Adams Chief Executive Officer. The company was incorporated in 2011. The filler’s address is: 1001 Locust Street, Suite 200, Kansas City, Mo, Missouri, 64106. Matthew Ferguson is the related person in the form and it has address: 1001 Locust Street, Suite 200, Kansas City, Mo, Missouri, 64106. Link to Site 10.01 Filing: 000101410816000518.
Analysis of Site 10.01 Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Site 10.01 sold 100.00% of the offering. Could this mean that the trust in Site 10.01 is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, 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 Site 10.01 Also
The Form D signed by Cleve Adams might help Site 10.01, 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.
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