Form D Flow: Prana Interactive $200000 Financing. Peter Brown Submitted Oct 11 SEC Filing


Prana Interactive Inc. - Peter Brown

Prana Interactive Financing

Prana Interactive Inc., Corporation just filed form D regarding $200,000 equity financing. This is a new filing. Prana Interactive Inc. is expected to sell $200,000 in this fundraising. The total fundraising amount was $200,000. The private financing document was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $200,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Prana Interactive is based in New York. The filler’s business is not disclosed. The SEC form was submitted by Peter Brown President. The company was incorporated in 2014. The filler’s address is: 435 Fifth Avenue, Penthouse, New York, Ny, New York, 10016. Peter Brown is the related person in the form and it has address: C/O Prana Interactive Inc., 435 Fifth Avenue, Penthouse, New York, Ny, New York, 10016. Link to Prana Interactive Filing: 000163728216000002.

Analysis of Prana Interactive Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Prana Interactive sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Prana Interactive Also

The Form D signed by Peter Brown might help Prana Interactive 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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