Pinscriptive, Inc., Corporation just filed form D regarding $1.78 million equity financing. This is a new filing. Pinscriptive was able to finance itself with $1.78 million. That is 100.00% of the fundraising offer. The total private financing amount was $1.78 million. The form was filed on 2016-10-12. The reason for the financing was: unspecified.
Pinscriptive is based in California. The company’s business is Other Health Care. The SEC form was submitted by Luis Vasquez Corporate Secretary. The company was incorporated in 2015. The filler’s address is: 31910 Del Obispo Street, Suite 100, San Juan Capistrano, Ca, California, 92675. Mark Lelinski is the related person in the form and it has address: 12937 Zen Gardens Way, Austin, Tx, Texas, 78732. Link to Pinscriptive Filing: 000168650816000001.
Analysis of Pinscriptive Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering size. Pinscriptive sold 100.00% of the offering. Could this mean that the trust in Pinscriptive is high? The average fundraising size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 53.45% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing was set at $100000. 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 Pinscriptive Also
The Form D signed by Luis Vasquez might help Pinscriptive, 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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