Bion Environmental Technologies Financing
Bion Environmental Technologies Inc, Corporation just filed form D about $975,000 equity financing. This is a new filing. Bion Environmental Technologies Inc is expected to finance itself with $975,000 in this financing round. The total financing amount was $975,000. This form was filed on 2016-10-12. The reason for the financing was: 1,300,000 Units ($975,000) $.75 Unit consisting of one share and 1/2 warrant with exercise price of $1.00 until 12/31/2017.. The fundraising still has about $975,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bion Environmental Technologies is based in Colorado. The firm’s business is Environmental Services. The D form was submitted by Mark A Smith President. The company was incorporated more than five years ago. The filler’s address is: C/O Box 566, 1774 Summitview Way, Crestone, Co, Colorado, 81131. Mark A Smith is the related person in the form and it has address: Box 566, 1774 Summitview Way, Crestone, Co, Colorado, 81131. Link to Bion Environmental Technologies Filing: 000094883016000136.
Analysis of Bion Environmental Technologies Offering
On average, startups in the Environmental Services sector, sell 68.00% of the total offering amount. Bion Environmental Technologies sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Environmental Services industry is $541,000. The offering was 100.00% smaller than the average of $541,000. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. 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 Bion Environmental Technologies Also
The Form D signed by Mark A Smith might help Bion Environmental Technologies 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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