Form D Don’t Lie: Unaliwear $5.00 million Financing. Jean Anne Booth Published Oct 6 SEC form


Technology Unaliwear, Inc. - Jean Anne Booth

Unaliwear Financing

Unaliwear, Inc., Corporation just had published form D announcing $5.00 million equity financing. This is a new filing. Unaliwear was able to sell $2.12 million so far. That is 42.44% of the financing offer. The total fundraising amount was $5.00 million. The financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $2.88 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Unaliwear is based in Texas. The firm’s business is Other Technology. The form was signed by Jean Anne Booth Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 3410 Cherry Lane, Austin, Tx, Texas, 78703. Jean Anne Booth is the related person in the form and it has address: 3410 Cherry Lane, Austin, Tx, Texas, 78703. Link to Unaliwear Filing: 000166838116000002.

Analysis of Unaliwear Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Unaliwear sold 42.44% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 37.80% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is 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 Unaliwear Also

The Form D signed by Jean Anne Booth might help Unaliwear, 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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