Vyzion, Inc., Corporation just filed form D because of $5.26 million equity financing. This is a new filing. Vyzion, Inc. is expected to finance itself with $5.26 million in this financing round. The total private offering amount was $5.26 million. The fundraising form was filed on 2016-10-04. The reason for the financing was: None, except indirectly, through the payment of salaries.. The fundraising still has about $5.26 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vyzion is based in Illinois. The company’s business is Business Services. The form was filed by Julia Rybakova Attorney-in-Fact for James Holtzman, CFO and COO. The company was incorporated in 2016. The filler’s address is: 220 N. Green Street, Chicago, Il, Illinois, 60607. Kristi Zuhlke is the related person in the form and it has address: 220 N. Green St., Chicago, Il, Illinois, 60607. Link to Vyzion Filing: 000162270816000006.
Analysis of Vyzion Offering
On average, companies in the Business Services sector, sell 69.04% of the total offering amount. Vyzion sold 0.00% of the offering. The fundraising is still open. The average offering amount for companies in the Business Services industry is $583,000. The offering was 100.00% smaller than the average of $583,000. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $1. 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 Vyzion Also
The Form D signed by Julia Rybakova might help Vyzion, 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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