SEC Form D Coverage: Network Integrity Systems $2.00 million Financing. Joseph Giovannini Published Oct 6 D form

Telecommunications Network Integrity Systems Inc - Joseph Giovannini

Network Integrity Systems Financing

Network Integrity Systems Inc, Corporation just filed form D announcing $2.00 million equity financing. The date of first sale was 2015-06-30. Network Integrity Systems was able to sell $1.13 million so far. That is 56.50% of the fundraising offer. The total financing amount was $2.00 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $870,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Network Integrity Systems is based in North Carolina. The company’s business is Telecommunications. The D form was filed by Joseph Giovannini Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1937 Tate Boulevard Se, Hickory, Nc, North Carolina, 28602. Joseph Giovannini is the related person in the form and it has address: 1937 Tate Boulevard Se, Hickory, Nc, North Carolina, 28602. Link to Network Integrity Systems Filing: 000120919116145447.

Analysis of Network Integrity Systems Offering

On average, firms in the Telecommunications sector, sell 85.70% of the total offering size. Network Integrity Systems sold 56.50% of the offering. The financing is still open. The average offering amount for companies in the Telecommunications industry is $125,000. The total amount raised is 804.00% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing was set at $25000. 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 Network Integrity Systems Also

The Form D signed by Joseph Giovannini might help Network Integrity Systems 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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