Newest Form D Filing: Freedom Telecom Services $3.00 million Financing. Brett C Hill Filed Oct 7 form D

Telecommunications Freedom Telecom Services, Inc. - Brett C Hill

Freedom Telecom Services Financing

Freedom Telecom Services, Inc., Corporation just submitted form D because of $3.00 million equity financing. The date of first sale was 2016-05-31. Freedom Telecom Services was able to finance itself with $684,000 so far. That is 22.80% of the financing offer. The total offering amount was $3.00 million. This form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $2.32 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Freedom Telecom Services is based in Virginia. The company’s business is Telecommunications. The form D was submitted by Brett C Hill President, CEO. The company was incorporated in 2015. The filler’s address is: 16925 York Road, Ste C, Monkton, Md, Maryland, 21111. Brett Christian Hill is the related person in the form and it has address: 3 Windward Ct, Ocean Pines, Md, Maryland, 21811. Link to Freedom Telecom Services Filing: 000165213416000010.

Analysis of Freedom Telecom Services Offering

On average, startups in the Telecommunications sector, sell 85.70% of the total offering size. Freedom Telecom Services sold 22.80% of the offering. The financing is still open. The average investment floor size for companies in the Telecommunications industry is $125,000. The total amount raised is 447.20% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing is set at $12000. 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 Freedom Telecom Services Also

The Form D signed by Brett C Hill might help Freedom Telecom Services, 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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