Form D Alert: Ascent Vision Technologies $11.49 million Fundraising. James Muchmore Filed Oct 6 Form D

Technology Ascent Vision Technologies Llc - James Muchmore

Ascent Vision Technologies Financing

Ascent Vision Technologies Llc, Limited Liability Company just had published form D because of $11.49 million equity financing. This is a new filing. Ascent Vision Technologies was able to sell $4.54 million so far. That is 39.53% of the round of financing. The total offering amount was $11.49 million. The financing document was filed on 2016-10-06. The reason for the financing was: Investor has agreed to purchase additional securities as benchmarks are satisfied.. The fundraising still has about $6.95 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Ascent Vision Technologies is based in Alabama. The filler’s business is Other Technology. The D form was filed by James Muchmore Corporate Secretary. The company was incorporated in 2015. The filler’s address is: 351 Floss Road Unit A, Belgrade, Mt, Montana, 59714. Timothy P Sheehy is the related person in the form and it has address: 351 Floss Road, Belgrade, Mt, Montana, 59714. Link to Ascent Vision Technologies Filing: 000168555316000002.

Analysis of Ascent Vision Technologies Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Ascent Vision Technologies sold 39.53% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 194.86% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Ascent Vision Technologies Also

The Form D signed by James Muchmore might help Ascent Vision Technologies Llc’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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