Clearas Water Recovery Financing
Clearas Water Recovery Inc., Corporation just released form D because of $3.00 million equity and debt financing. This is a new filing. Clearas Water Recovery was able to finance itself with $100,000 so far. That is 3.33% of the fundraising offer. The total fundraising amount was $3.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $2.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clearas Water Recovery is based in Montana. The filler’s business is Other Technology. The form D was signed by Thomas Wenz Vice President of Finance. The company was incorporated more than five years ago. The filler’s address is: 1500 Clark Fort Lane, Missoula, Mt, Montana, 59808. Thomas Wenz is the related person in the form and it has address: 1500 Clark Fort Lane, Missoula, Mt, Montana, 59808. Link to Clearas Water Recovery Filing: 000145948816000001.
Analysis of Clearas Water Recovery Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Clearas Water Recovery sold 3.33% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses get financed 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 Clearas Water Recovery Also
The Form D signed by Thomas Wenz might help Clearas Water Recovery 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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