Form D To Observe: Plastc $3.00 million Financing. Ryan Marquis Filed Oct 11 D form

Technology Plastc Inc. - Ryan Marquis

Plastc Financing

Plastc Inc., Corporation just submitted form D because of $3.00 million equity financing. This is a new filing. Plastc was able to sell $500,000 so far. That is 16.67% of the fundraising offer. The total financing amount was $3.00 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Plastc is based in California. The firm’s business is Other Technology. The form was submitted by Ryan Marquis Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 49 Powell Street, 4Th Floor, San Francisco, Ca, California, 94102. Ryan Marquis is the related person in the form and it has address: C/O Plastc Inc., 49 Powell Street, 4Th Floor, San Francisco, Ca, California, 94102. Link to Plastc Filing: 000168586116000002.

Analysis of Plastc Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Plastc sold 16.67% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this offering was 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 Plastc Also

The Form D signed by Ryan Marquis might help Plastc 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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