Ryu Apparel Financing
Ryu Apparel Inc., Corporation just had published form D about $37,108 equity financing. This is a new filing. Ryu Apparel was able to finance itself with $37,108. That is 100.00% of the financing offer. The total financing amount was $37,108. This form was filed on 2016-10-11. The reason for the financing was: Consists of the issuance of 390,000 units. Each unit consists of 1 share and 1 warrant. Each warrant is exercisable into 1 share at CDN$0.20 per share for 2 years. CDN$48,750 based on the Bank of Canada exchange rate of 0.7612 on Oct 3, 2016..
Ryu Apparel is based in British Columbia – Canada. The filler’s business is Retailing. The form was signed by Pedro Villa CFO. The company was incorporated in 2014. The filler’s address is: 1672 West 2Nd Avenue, Vancouver, A1, British Columbia, Canada, V6j 1H4. Marcello Leone is the related person in the form and it has address: 1672 West 2Nd Avenue, Vancouver, A1, British Columbia, Canada, V6j 1H4. Link to Ryu Apparel Filing: 000108503716000348.
Analysis of Ryu Apparel Offering
On average, startups in the Retailing sector, sell 71.70% of the total offering size. Ryu Apparel sold 100.00% of the offering. Could this mean that the trust in Ryu Apparel is high? The average investment size for companies in the Retailing industry is $45,600. The offering was 18.62% smaller than the average of $45,600. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. 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 Ryu Apparel Also
The Form D signed by Pedro Villa might help Ryu Apparel 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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