Dell Technologies Financing
Dell Technologies Inc, Corporation just filed form D because of $35.50 million equity financing. This is a new filing. Dell Technologies Inc is expected to finance itself with $35.50 million in this fundraising offer. The total offering amount was $35.50 million. The form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $35.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dell Technologies is based in Texas. The filler’s business is Other Technology. The form was submitted by Janet B Wright Senior Vice President & Assistant Secretary. The company was incorporated in 2013. The filler’s address is: One Dell Way, Round Rock, Tx, Texas, 78682. Michael S. Dell is the related person in the form and it has address: One Dell Way, Round Rock, Tx, Texas, 78682. Link to Dell Technologies Filing: 000120919116144191.
Analysis of Dell Technologies Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Dell Technologies sold 0.00% of the offering. The fundraising is still open. The average investment floor size 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 taken as negative. Companies get financed for different needs and reasons. The minimum investment for this offering is set at $0. If you know more about the reasons for the financing, 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 Dell Technologies Also
The Form D signed by Janet B Wright might help Dell Technologies 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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