Mobiquity Inc., Corporation just had published form D regarding $13.17 million equity financing. This is a new filing. Mobiquity was able to fundraise $13.17 million. That is 100.00% of the fundraising offer. The total offering amount was $13.17 million. The offering form was filed on 2016-10-11. The reason for the financing was: unspecified.
Mobiquity is based in Massachusetts. The company’s business is Telecommunications. The form D was filed by Richard D Dionne Secretary. The company was incorporated more than five years ago. The filler’s address is: 51 Sawyer Road, Waltham, Ma, Massachusetts, 02453. John Castleman is the related person in the form and it has address: 51 Sawyer Road, Waltham, Ma, Massachusetts, 02453. Link to Mobiquity Filing: 000151706816000002.
Analysis of Mobiquity Offering
On average, companies in the Telecommunications sector, sell 85.70% of the total offering amount. Mobiquity sold 100.00% of the offering. Could this mean that the trust in Mobiquity is high? The average offering amount for companies in the Telecommunications industry is $125,000. The total amount raised is 10,433.86% bigger than the average for companies in the Telecommunications sector. The minimum investment for this offering 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 Mobiquity Also
The Form D signed by Richard D Dionne might help Mobiquity 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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