Apicore Inc., Corporation just filed form D because of $720,118 equity financing. This is a new filing. Apicore was able to sell $720,118. That is 100.00% of the financing offer. The total offering amount was $720,118. The form was filed on 2016-10-05. The reason for the financing was: unspecified.
Apicore is based in New Jersey. The firm’s business is Pharmaceuticals. The SEC form was signed by Rahul Devnani Authorized Signatory. The company was incorporated in 2014. The filler’s address is: 49 Napoleon Court, Worlds Fair Drive, Somerset, Nj, New Jersey, 08873. Albert Friesen is the related person in the form and it has address: 49 Napoleon Court, Somerset, Nj, New Jersey, 08873. Link to Apicore Filing: 000161302116000003.
Analysis of Apicore Offering
On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering amount. Apicore sold 100.00% of the offering. Could this mean that the trust in Apicore is high? The average fundraising size for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 29.52% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this offering 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 Apicore Also
The Form D signed by Rahul Devnani might help Apicore 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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