Lumishield Technologies Financing
Lumishield Technologies Inc., Corporation just released form D because of $1.02 million equity financing. The date of first sale was 2016-08-22. Lumishield Technologies was able to finance itself with $508,522 so far. That is 49.68% of the fundraising. The total fundraising amount was $1.02 million. The financing form was filed on 2016-10-11. The reason for the financing was: Total offering amount includes convertible debt (principal and interest of about $183,522) converted into common stock plus approximately $240,000 worth of warrants issued to and exercisable by the purchasers of common stock.. The fundraising still has about $515,008 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Lumishield Technologies is based in Pennsylvania. The filler’s business is Other Technology. The SEC form was signed by David R Luebke CEO. The company was incorporated in 2014. The filler’s address is: 1816 Parkway View Drive, Bldg. 18, Pittsburgh, Pa, Pennsylvania, 15205. Luebke R. David is the related person in the form and it has address: 1816 Parkway View Drive, Bldg. 18, Pittsburgh, Pa, Pennsylvania, 15205. Link to Lumishield Technologies Filing: 000168329516000002.
Analysis of Lumishield Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Lumishield Technologies sold 49.68% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 66.98% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was set at $25000. 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 Lumishield Technologies Also
The Form D signed by David R Luebke might help Lumishield Technologies 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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