Altiostar Networks Financing
Altiostar Networks, Inc., Corporation just filed form D announcing $30.04 million equity financing. This is a new filing. Altiostar Networks was able to fundraise $30.04 million. That is 100.00% of the financing offer. The total fundraising amount was $30.04 million. The offering form was filed on 2016-10-11. The reason for the financing was: unspecified.
Altiostar Networks is based in Massachusetts. The company’s business is Telecommunications. The form D was signed by John Delea Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 200 Ames Pond Drive, Tewksbury, Ma, Massachusetts, 01876. Ashraf M. Dahod is the related person in the form and it has address: 200 Ames Pond Drive, Tewksbury, Ma, Massachusetts, 01876. Link to Altiostar Networks Filing: 000154814016000009.
Analysis of Altiostar Networks Offering
On average, firms in the Telecommunications sector, sell 85.70% of the total offering amount. Altiostar Networks sold 100.00% of the offering. Could this mean that the trust in Altiostar Networks is high? The average offering amount for companies in the Telecommunications industry is $125,000. The total amount raised is 23,934.67% bigger than the average for companies in the Telecommunications sector. The minimum investment for this fundraising is 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 Altiostar Networks Also
The Form D signed by John Delea might help Altiostar Networks, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.