Cargojet Inc., Corporation just had published form D because of $2.51 million equity financing. This is a new filing. Cargojet was able to sell $2.51 million. That is 100.00% of the financing offer. The total offering amount was $2.51 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified.
Cargojet is based in Ontario – Canada. The firm’s business is Airlines and Airports. The form was signed by Carl Turner Vice-President, Legal, Governance & Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: 350 Britannia Road East, Units 5 & 6, Mississauga, A6, Ontario, Canada, L4z 1X9. John Webster is the related person in the form and it has address: 350 Britannia Road East, Units 5 And 6, Mississauga, A6, Ontario, Canada, On L4z 1X. Link to Cargojet Filing: 000168590316000001.
Analysis of Cargojet Offering
On average, firms in the Airlines and Airports sector, sell 12.00% of the total offering size. Cargojet sold 100.00% of the offering. Could this mean that the trust in Cargojet is high? The average financing size for companies in the Airlines and Airports industry is $369,000. The total amount raised is 580.59% bigger than the average for companies in the Airlines and Airports sector. The minimum investment for this fundraising 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 Cargojet Also
The Form D signed by Carl Turner might help Cargojet 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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