Gungenics Llc, Limited Liability Company just released form D announcing $500,000 equity financing. This is a new filing. Gungenics was able to sell $20,000 so far. That is 4.00% of the financing offer. The total private offering amount was $500,000. The form was filed on 2016-10-03. The reason for the financing was: unspecified. The fundraising still has about $480,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gungenics is based in Alabama. The filler’s business is Retailing. The D form was signed by Claire C Marvin Manager. The company was incorporated in 2014. The filler’s address is: 10299 Johnstown Road, New Albany, Oh, Ohio, 43054. Claire C Marvin is the related person in the form and it has address: 10299 Johnstown Road, New Albany, Oh, Ohio, 43054. Link to Gungenics Filing: 000094926516000023.
Analysis of Gungenics Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering amount. Gungenics sold 4.00% of the offering. The financing is still open. The average offering size for companies in the Retailing industry is $45,600. The offering was 56.14% smaller than the average of $45,600. Of course this should not be seen as negative. Companies raise funds for different reasons and needs. The minimum investment for this offering was set at $10000. 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 Gungenics Also
The Form D signed by Claire C Marvin might help Gungenics Llc’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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