General Graphene Financing
General Graphene Corp, Corporation just submitted form D announcing $500,000 equity financing. This is a new filing. General Graphene was able to fundraise $489,000. That is 97.80% of the offering. The total private financing amount was $500,000. The financing document was filed on 2016-10-07. The reason for the financing was: NO COMMISSIONS OR FINDERS FEES. The fundraising still has about $11,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
General Graphene is based in Tennessee. The company’s business is Manufacturing. The SEC form was filed by GREGORY E ERICKSON CFO. The company was incorporated in 2014. The filler’s address is: 275 Midway Lane, Oak Ridge, Tn, Tennessee, 37830. James V Sherrill is the related person in the form and it has address: 777 Oliver Springs Hwy, Clinton, Tn, Tennessee, 37716. Link to General Graphene Filing: 000166291216000007.
Analysis of General Graphene Offering
On average, companies in the Manufacturing sector, sell 59.50% of the total offering amount. General Graphene sold 97.80% of the offering. The fundraising is still open. Could this mean that the trust in General Graphene is high? The average investment size for companies in the Manufacturing industry is $763,000. The offering was 35.91% smaller than the average of $763,000. Of course this should not be seen as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this financing is set at $150000. 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 General Graphene Also
The Form D signed by GREGORY E ERICKSON might help General Graphene Corp’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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