Social Tables Financing
Social Tables, Inc., Corporation just filed form D because of $15.00 million equity financing. This is a new filing. Social Tables was able to finance itself with $12.95 million. That is 86.33% of the financing offer. The total offering amount was $15.00 million. The offering form was filed on 2016-09-30. The reason for the financing was: This filing covers the sale and issuance of Series B Preferred Stock and the underlying Common Stock issuable upon conversion thereof.. The fundraising still has about $2.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Social Tables is based in Dc. The filler’s business is Other Technology. The form was filed by Dan Berger Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 1325 G Street, Nw, 3Rd Floor, Washington, Dc, District Of Columbia, 20005. Dan Berger is the related person in the form and it has address: C/O Social Tables, Inc., 1325 G Street, Nw, 3Rd Floor, Washington, Dc, District Of Columbia, 20005. Link to Social Tables Filing: 000158320916000002.
Analysis of Social Tables Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Social Tables sold 86.33% of the offering. The financing is still open. Could this mean that the trust in Social Tables is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 740.91% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was 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 Social Tables Also
The Form D signed by Dan Berger might help Social Tables, 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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