Form D Coverage: Jack Reports $120000 Financing. Oleg Mordvinov Filed Oct 7 Form D

Jack Reports, Inc. - Oleg Mordvinov

Jack Reports Financing

Jack Reports, Inc., Corporation just released form D because of $120,000 equity financing. This is a new filing. Jack Reports was able to finance itself with $120,000. That is 100.00% of the fundraising. The total private offering amount was $120,000. This form was filed on 2016-10-07. The reason for the financing was: unspecified.

Jack Reports is based in New Jersey. The company’s business is not disclosed. The form was filed by Oleg Mordvinov Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 44 Westmount Drive, Livingston, Nj, New Jersey, 07039. Mikhail Reznikov is the related person in the form and it has address: 44 Westmount Drive, Livingston, Nj, New Jersey, 07039. Link to Jack Reports Filing: 000167080716000003.

Analysis of Jack Reports Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Jack Reports sold 100.00% of the offering. Could this mean that the trust in Jack Reports is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 96.07% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising 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 Jack Reports Also

The Form D signed by Oleg Mordvinov might help Jack Reports, 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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