Spark Thermionics Financing
Spark Thermionics, Inc., Corporation just submitted form D regarding $750,000 equity financing. This is a new filing. Spark Thermionics was able to fundraise $600,000. That is 80.00% of the round of financing. The total private offering amount was $750,000. The financing form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Spark Thermionics is based in Alabama. The company’s business is Electric Utilities. The D form was signed by Jared Schwede Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 55 Norfolk Street, Apt. 102, San Francisco, Ca, California, 94103. Jared Schwede is the related person in the form and it has address: 55 Norfolk Street, Apt. 102, San Francisco, Ca, California, 94103. Link to Spark Thermionics Filing: 000168692816000001.
Analysis of Spark Thermionics Offering
On average, companies in the Electric Utilities sector, sell 37.50% of the total offering amount. Spark Thermionics sold 80.00% of the offering. The fundraising is still open. Could this mean that the trust in Spark Thermionics is high? The average offering size for companies in the Electric Utilities industry is $209,000. The total amount raised is 187.08% bigger than the average for companies in the Electric Utilities sector. The minimum investment for this financing 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 Spark Thermionics Also
The Form D signed by Jared Schwede might help Spark Thermionics, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.