Form D Reporting: Cydat Industries $35.00 million Fundraising. Elie George Makad Published Oct 5 Filing

Technology Cydat Industries, Llc - Elie George Makad

Cydat Industries Financing

Cydat Industries, Llc, Limited Liability Company just submitted form D announcing $35.00 million equity financing. This is a new filing. Cydat Industries was able to finance itself with $00 so far. That is 0.00% of the fundraising offer. The total fundraising amount was $35.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $35.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cydat Industries is based in Washington. The company’s business is Other Technology. The D form was submitted by Elie George Makad Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 500 Broadway Street, Suite 350, Vancouver, Wa, Washington, 98660. Elie George Makad is the related person in the form and it has address: 500 Broadway Street, Suite 350, Vancouver, Wa, Washington, 98660. Link to Cydat Industries Filing: 000168679316000001.

Analysis of Cydat Industries Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Cydat Industries sold 0.00% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $100000. 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 Cydat Industries Also

The Form D signed by Elie George Makad might help Cydat Industries, 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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