Form D Filing: Automox $450000 Financing. Larry Middle Submitted Oct 10 D Form

Technology Automox Inc. - Larry Middle

Automox Financing

Automox Inc., Corporation just filed form D announcing $450,000 debt financing. This is a new filing. Automox was able to fundraise $200,000 so far. That is 44.44% of the round of financing. The total private offering amount was $450,000. The offering form was filed on 2016-10-10. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Automox is based in Colorado. The filler’s business is Other Technology. The SEC form was submitted by Larry Middle Chief Financial Officer. The company was incorporated in 2015. The filler’s address is: 2040 14Th Street, Suite 200, Boulder, Co, Colorado, 80302. Rajat Bhargava is the related person in the form and it has address: 2040 14Th Street, Suite 200, Boulder, Co, Colorado, 80302. Link to Automox Filing: 000167489216000004.

Analysis of Automox Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Automox sold 44.44% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising is 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 Automox Also

The Form D signed by Larry Middle might help Automox 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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