Form D Report Stark Power $6.00 million Fundraising. Roger J Leon Released Oct 4 SEC Filing


Technology Stark Power Inc - Roger J Leon

Stark Power Financing

Stark Power Inc, Corporation just released form D for $6.00 million equity financing. This is a new filing. Stark Power Inc is expected to fundraise $6.00 million in this fundraising offer. The total fundraising amount was $6.00 million. The form was filed on 2016-10-04. The reason for the financing was: THE Four Founding Members Will Receive Cumulatively $42,000 Per Month ($504,000 Per Year), Cumulative Salaries Of $520,000 Per Year, For A Period Of 30 Months. Total Salaries Will Exceed $900,000 Per Year Less Than $1,000,000 Per Year.. The fundraising still has about $6.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Stark Power is based in North Carolina. The filler’s business is Other Technology. The SEC form was filed by Roger J Leon Interim CEO. The company was incorporated more than five years ago. The filler’s address is: 115 C Denver Business Park Drive, Mooresville, Nc, North Carolina, 28115. Martin Koebler is the related person in the form and it has address: 630 Portside Drive, Davidson, Nc, North Carolina, 28036. Link to Stark Power Filing: 000168627416000003.

Analysis of Stark Power Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Stark Power sold 0.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $15. 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 Stark Power Also

The Form D signed by Roger J Leon might help Stark Power 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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