Ix Power Clean Water Financing
Ix Power Clean Water, Inc., Corporation just released form D because of $5.04 million equity financing. The date of first sale was 2014-10-06. Ix Power Clean Water was able to fundraise $1.05 million so far. That is 20.92% of the financing round. The total private financing amount was $5.04 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: The total offering amount includes contingent proceeds of up to $43,306 receivable if and when the warrants issued as part of the offering as described in Item 9 above are exercised.. The fundraising still has about $3.99 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ix Power Clean Water is based in Colorado. The company’s business is not disclosed. The SEC form was signed by Randall B Wilson Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 1440 Brickyard Road, Suite 3, Golden, Co, Colorado, 80403. John R. Deal is the related person in the form and it has address: C/O Ix Power Clean Water, Inc., 1440 Brickyard Road, Suite 3, Golden, Co, Colorado, 80403. Link to Ix Power Clean Water Filing: 000155512716000003.
Analysis of Ix Power Clean Water Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Ix Power Clean Water sold 20.92% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 65.42% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this offering was set at $0. 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 Ix Power Clean Water Also
The Form D signed by Randall B Wilson might help Ix Power Clean Water, 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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