Form D SEC Filing: Geocommand $277500 Fundraising. Albert Koenigsberg Submitted Oct 11 SEC Form

Telecommunications Geocommand Inc - Albert Koenigsberg

Geocommand Financing

Geocommand Inc, Corporation just submitted form D for $277,500 equity financing. This is a new filing. Geocommand was able to fundraise $233,302. That is 84.07% of the financing offer. The total financing amount was $277,500. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $44,198 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Geocommand is based in Florida. The filler’s business is Telecommunications. The SEC form was submitted by Albert Koenigsberg President. The company was incorporated more than five years ago. The filler’s address is: 3700 Airport Road, Suite 410, Boca Raton, Fl, Florida, 333431. Albert Koenigsberg is the related person in the form and it has address: 3700 Airport Road, Suite 410, Boca Raton, Fl, Florida, 33431. Link to Geocommand Filing: 000168316816000286.

Analysis of Geocommand Offering

On average, companies in the Telecommunications sector, sell 85.70% of the total offering size. Geocommand sold 84.07% of the offering. The financing is still open. The average fundraising amount for companies in the Telecommunications industry is $125,000. The total amount raised is 86.64% bigger than the average for companies in the Telecommunications sector. The minimum investment for this fundraising is set at $11100. 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 Geocommand Also

The Form D signed by Albert Koenigsberg might help Geocommand 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.

Related posts

Leave a Comment