Hyper Wear Financing
Hyper Wear, Inc., Corporation just filed form D about $1.25 million equity financing. This is a new filing. Hyper Wear was able to finance itself with $1.25 million. That is 100.00% of the round of financing. The total private offering amount was $1.25 million. This form was filed on 2016-10-11. The reason for the financing was: unspecified.
Hyper Wear is based in Texas. The company’s business is not disclosed. The form D was submitted by Dirk Buikema CEO and President. The company was incorporated in 2011. The filler’s address is: 2120 Denton Drive, Suite 101, Austin, Tx, Texas, 78758. Dirk Buikema is the related person in the form and it has address: 2120 Denton Drive, Suite 101, Austin, Tx, Texas, 78758. Link to Hyper Wear Filing: 000152071916000002.
Analysis of Hyper Wear Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Hyper Wear sold 100.00% of the offering. Could this mean that the trust in Hyper Wear is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 59.02% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising 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 Hyper Wear Also
The Form D signed by Dirk Buikema might help Hyper Wear, 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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