Gunway, Inc., Corporation just released form D announcing $1.50 million equity financing. This is a new filing. Gunway was able to sell $500,000 so far. That is 33.33% of the financing round. The total private financing amount was $1.50 million. This form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gunway is based in Georgia. The firm’s business is Retailing. The SEC form was filed by DANIEL M HALL PRESIDENT AND CEO. The company was incorporated in 2015. The filler’s address is: 27197 South Dakota Highway 115, Harrisburg, Sd, South Dakota, 57032. Daniel M. Hall is the related person in the form and it has address: 27197 South Dakota Hwy 115, Harrisburg, Sd, South Dakota, 57032. Link to Gunway Filing: 000168697616000001.
Analysis of Gunway Offering
On average, startups in the Retailing sector, sell 71.70% of the total offering size. Gunway sold 33.33% of the offering. The financing is still open. The average fundraising size for companies in the Retailing industry is $45,600. The total amount raised is 996.49% bigger than the average for companies in the Retailing sector. The minimum investment for this financing 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 Gunway Also
The Form D signed by DANIEL M HALL might help Gunway, 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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