Welltok, Inc., Corporation just filed form D announcing $43.54 million equity financing. This is a new filing. Welltok was able to finance itself with $43.54 million. That is 100.00% of the financing round. The total offering amount was $43.54 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: Consists of $33,678,369 of securities issued for cash and $9,860,484 of securities issued in exchange for existing securities of the Issuer..
Welltok is based in Colorado. The firm’s business is Other Technology. The form was filed by James J Sullivan Senior Vice President. The company was incorporated more than five years ago. The filler’s address is: 1515 Arapahoe Street, Tower 3 – Suite 700, Denver, Co, Colorado, 80202. Jeffrey H Margolis is the related person in the form and it has address: 1515 Arapahoe Street, Tower 3 – Suite 700, Denver, Co, Colorado, 80202. Link to Welltok Filing: 000114036116082241.
Analysis of Welltok Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Welltok sold 100.00% of the offering. Could this mean that the trust in Welltok is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,727.20% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Welltok Also
The Form D signed by James J Sullivan might help Welltok, 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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