Form D Worth Watching: Little Fly Labs $750000 Financing. David W Smalley Filed Oct 4 Form D


Biotechnology Little Fly Labs Inc. - David W Smalley

Little Fly Labs Financing

Little Fly Labs Inc., Corporation just released form D because of $750,000 equity financing. This is a new filing. Little Fly Labs Inc. is expected to finance itself with $750,000 in this offering. The total fundraising amount was $750,000. The financing document was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Little Fly Labs is based in Alabama. The filler’s business is Biotechnology. The form D was signed by David W Smalley Director. The company was incorporated in 2016. The filler’s address is: C/O David W. Smalley Law Corp., 2300-1600 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6e 3X2. Martin P. Pasek is the related person in the form and it has address: C/O David W. Smalley Law Corp, Suite 2300-1066 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6e 3X2. Link to Little Fly Labs Filing: 000168704416000001.

Analysis of Little Fly Labs Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Little Fly Labs sold 0.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Biotechnology industry is $3.08 million. The offering was 100.00% smaller than the average of $3.08 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this fundraising 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 Little Fly Labs Also

The Form D signed by David W Smalley might help Little Fly Labs 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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