Ehawk, Inc., Corporation just submitted form D about $2.50 million equity financing. This is a new filing. Ehawk was able to finance itself with $200,000 so far. That is 8.00% of the financing round. The total private financing amount was $2.50 million. The financing form was filed on 2016-10-10. The reason for the financing was: No commissions or finders’ fees expenses are planned or anticipated.. The fundraising still has about $2.30 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ehawk is based in Missouri. The firm’s business is Other Technology. The form D was filed by Michael B Moore Director. The company was incorporated in 2016. The filler’s address is: 1700 Ne Peregrine Drive, Blue Springs, Mo, Missouri, 64013. Michael B. Moore is the related person in the form and it has address: 1700 Ne Peregrine Drive, Blue Springs, Mo, Missouri, 64014. Link to Ehawk Filing: 000101410816000519.
Analysis of Ehawk Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Ehawk sold 8.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. The minimum investment for this financing is set at $2500. 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 Ehawk Also
The Form D signed by Michael B Moore might help Ehawk, 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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