American Semiconductor Financing
American Semiconductor, Inc., Corporation just filed form D about $2.00 million equity financing. This is a new filing. American Semiconductor, Inc. is expected to sell $2.00 million in this fundraising. The total financing amount was $2.00 million. The financing document was filed on 2016-10-05. The reason for the financing was: Company is selling shares of common stock directly.. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
American Semiconductor is based in Idaho. The company’s business is Manufacturing. The SEC form was filed by Lorelli D Hackler CFO/Secretary/Treasurer. The company was incorporated more than five years ago. The filler’s address is: 6987 W. Targee Street, Boise, Id, Idaho, 83709. Douglas Ray Hackler is the related person in the form and it has address: 6987 W. Targee Street, Boise, Id, Idaho, 83709. Link to American Semiconductor Filing: 000168640116000001.
Analysis of American Semiconductor Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. American Semiconductor sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in the Manufacturing industry is $763,000. The offering was 100.00% smaller than the average of $763,000. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing was set at $20000. 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 American Semiconductor Also
The Form D signed by Lorelli D Hackler might help American Semiconductor, 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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