Gotchosen, Inc., Corporation just released form D announcing $500,000 debt financing. This is a new filing. Gotchosen was able to finance itself with $60,000 so far. That is 12.00% of the offering. The total private offering amount was $500,000. The financing document was filed on 2016-10-06. The reason for the financing was: TOTAL OFFERING AMOUNT IS $300,000 WITH AN ALLOWANCE FOR AN ADDITIONAL $200,000 IN THE EVENT OF OVERSUBSCRIPTION.. The fundraising still has about $440,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gotchosen is based in Florida. The company’s business is Other Technology. The SEC form was signed by OSVALDO G SILVA PRESIDENT. The company was incorporated more than five years ago. The filler’s address is: 12472 Lake Underhill Rd #397, Orlando, Fl, Florida, 32828. Osvaldo G Silva is the related person in the form and it has address: C/O Gotchosen, Inc., 12472 Lake Underhill Rd. #397, Orlando, Fl, Florida, 32828. Link to Gotchosen Filing: 000167711616000003.
Analysis of Gotchosen Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Gotchosen sold 12.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 96.10% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for a variety of needs and reasons. 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 Gotchosen Also
The Form D signed by OSVALDO G SILVA might help Gotchosen, 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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