Form D Action: Tekmodo Industries $1.15 million Financing. Eileen Au Published Oct 11 SEC Form


Tekmodo Industries Inc. - Eileen Au

Tekmodo Industries Financing

Tekmodo Industries Inc., Corporation just released form D announcing $1.15 million equity financing. This is a new filing. Tekmodo Industries was able to finance itself with $1.15 million. That is 100.00% of the financing round. The total offering amount was $1.15 million. The private financing document was filed on 2016-10-11. The reason for the financing was: unspecified.

Tekmodo Industries is based in British Columbia – Canada. The company’s business is not disclosed. The form was filed by Eileen Au Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: Suite 3123 – 595 Burrard Street, Vancouver, A1, British Columbia, Canada, V7x 1J1. John Proust is the related person in the form and it has address: Suite 3123 – 595 Burrard Street, Vancouver, A1, British Columbia, Canada, V7x 1J1. Link to Tekmodo Industries Filing: 000168711116000001.

Analysis of Tekmodo Industries Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Tekmodo Industries sold 100.00% of the offering. Could this mean that the trust in Tekmodo Industries is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 62.30% smaller than the average of $3.05 million. 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 was set at $0. If you know more about the reasons for the fundraising, 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 Tekmodo Industries Also

The Form D signed by Eileen Au might help Tekmodo Industries 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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