Md Revolution Financing
Md Revolution, Inc., Corporation just released form D because of $32.39 million equity financing. This is a new filing. Md Revolution was able to sell $9.74 million so far. That is 30.07% of the fundraising. The total financing amount was $32.39 million. The financing form was filed on 2016-10-03. The reason for the financing was: $1,944,643.45 cancellation of indebtedness; $7,792,544.69 new cash. The fundraising still has about $22.65 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Md Revolution is based in California. The filler’s business is not disclosed. The D form was filed by Arthur Roke Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 9191 Towne Centre Dr. Suite 510, San Diego, Ca, California, 92122. Arthur Roke is the related person in the form and it has address: C/O Md Revolution, Inc., 9191 Towne Centre Dr. Suite 510, San Diego, Ca, California, 92122. Link to Md Revolution Filing: 000165736916000003.
Analysis of Md Revolution Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Md Revolution sold 30.07% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The total amount raised is 219.25% bigger than the average for companies in the database. The minimum investment for this financing is 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 Md Revolution Also
The Form D signed by Arthur Roke might help Md Revolution, 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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