Quants Corp, Corporation just had published form D because of $5.52 million equity financing. This is a new filing. Quants Corp is expected to sell $5.52 million in this round of financing. The total offering amount was $5.52 million. The private financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $5.52 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Quants is based in Alabama. The filler’s business is Other Technology. The form was submitted by Gokhan Kisacikoglu President of Quants Corp. The company was incorporated more than five years ago. The filler’s address is: 400 Continental Boulevard, Suite 600, El Segundo, Ca, California, 90245. Gokhan Kisacikoglu is the related person in the form and it has address: 400 Continental Blvd., Suite 600, El Segundo, Ca, California, 90245. Link to Quants Filing: 000156255516000029.
Analysis of Quants Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Quants sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this fundraising is set at $60000. 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 Quants Also
The Form D signed by Gokhan Kisacikoglu might help Quants 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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