Newest Form D Filing: Rmci $1.50 million Fundraising. Kenneth W Speaks Published Oct 6 Form D

Technology Rmci, Inc. - Kenneth W Speaks

Rmci Financing

Rmci, Inc., Corporation just released form D regarding $1.50 million debt financing. This is a new filing. Rmci was able to finance itself with $600,000 so far. That is 40.00% of the financing offer. The total fundraising amount was $1.50 million. The financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $900,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rmci is based in Alabama. The filler’s business is Other Technology. The form was signed by Kenneth W Speaks President. The company was incorporated more than five years ago. The filler’s address is: 1525 Perimeter Parkway, Suite 250, Huntsville, Al, Alabama, 35806. Kenneth Speaks is the related person in the form and it has address: 1525 Perimeter Parkway, Suite 250, Huntsville, Al, Alabama, 35206. Link to Rmci Filing: 000168590116000001.

Analysis of Rmci Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Rmci sold 40.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising 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 Rmci Also

The Form D signed by Kenneth W Speaks might help Rmci, 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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