Form D to Follow: Electrameccanica Vehicles $51765 Fundraising. Jerry Kroll Released Sep 28 SEC Filing

Manufacturing Electrameccanica Vehicles Corp. - Jerry Kroll

Electrameccanica Vehicles Financing

Electrameccanica Vehicles Corp., Corporation just submitted form D announcing $51,765 equity financing. This is a new filing. Electrameccanica Vehicles was able to fundraise $14,790 so far. That is 28.57% of the offering. The total private offering amount was $51,765. This 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 $36,975 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 filler’s business is Manufacturing. The form D was signed 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: 000118374016000434.

Analysis of Electrameccanica Vehicles Offering

On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. Electrameccanica Vehicles sold 28.57% of the offering. The financing is still open. The average investment size for companies in the Manufacturing industry is $763,000. The offering was 98.06% smaller than the average of $763,000. Of course this should not be taken as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising 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 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment