Crystalplex Corp, Corporation just submitted form D because of $2.65 million equity and debt financing. The date of first sale was 2014-02-07. Crystalplex was able to sell $2.15 million. That is 81.12% of the offering. The total fundraising amount was $2.65 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Crystalplex is based in Pennsylvania. The filler’s business is Other Technology. The SEC form was filed by Gregory T Hebrank Chairman & Secretary. The company was incorporated more than five years ago. The filler’s address is: 2403 Sidney St, Ste 270, Pittsburgh, Pa, Pennsylvania, 15203. Matthew Bootman is the related person in the form and it has address: 2403 Sidney Street, Suite 270, Pittsburgh, Pa, Pennsylvania, 15203. Link to Crystalplex Filing: 000125472816000004.
Analysis of Crystalplex Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Crystalplex sold 81.12% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 39.48% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $4000. 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 Crystalplex Also
The Form D signed by Gregory T Hebrank might help Crystalplex Corp’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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