Electrameccanica Vehicles Financing
Electrameccanica Vehicles Corp., Corporation just submitted form D because of $50,575 equity financing. This is a new filing. Electrameccanica Vehicles was able to sell $14,450 so far. That is 28.57% of the fundraising offer. The total offering amount was $50,575. The fundraising form was filed on 2016-09-28. The reason for the financing was: 13(a)=the price of units (10,000 @ C$2.00), converted to US$, plus aggregate exercise price of warrants forming part of units (10,000 @ C$5.00). No guarantee that the warrants will be exercised.. The fundraising still has about $36,125 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Electrameccanica Vehicles is based in British Columbia – Canada. The firm’s business is Manufacturing. The D form was submitted by Jerry Kroll President & Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 102 East 1St Avenue, Vancouver, A1, British Columbia, Canada, V5t 1A4. Jerry Kroll is the related person in the form and it has address: 102 East 1St Avenue, Vancouver, A1, British Columbia, Canada, V5t 1A4. Link to Electrameccanica Vehicles Filing: 000118374016000433.
Analysis of Electrameccanica Vehicles Offering
On average, companies in the Manufacturing sector, sell 59.50% of the total offering size. Electrameccanica Vehicles sold 28.57% of the offering. The financing is still open. The average offering size for companies in the Manufacturing industry is $763,000. The offering was 98.11% smaller than the average of $763,000. Of course this should not be seen as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this financing was 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 Electrameccanica Vehicles Also
The Form D signed by Jerry Kroll might help Electrameccanica Vehicles Corp.’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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