Form D Worth Watching: Drone Aviation Holding $5.00 million Fundraising. Kendall Carpenter Filed Oct 11 SEC form


Drone Aviation Holding Corp. - Kendall Carpenter

Drone Aviation Holding Financing

Drone Aviation Holding Corp., Corporation just submitted form D about $5.00 million debt financing. This is a new filing. Drone Aviation Holding was able to sell $3.00 million so far. That is 60.00% of the offering. The total private offering amount was $5.00 million. The private financing document was filed on 2016-10-11. The reason for the financing was: Issuer has concluded the offering after sale of $3,000,000.. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Drone Aviation Holding is based in Florida. The firm’s business is not disclosed. The SEC form was signed by Kendall Carpenter Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 11651 Central Parkway #118, Jacksonville, Fl, Florida, 32224. Jay Nussbaum is the related person in the form and it has address: 11651 Central Parkway, #118, Jacksonville, Fl, Florida, 32224. Link to Drone Aviation Holding Filing: 000117872716000002.

Analysis of Drone Aviation Holding Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Drone Aviation Holding sold 60.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 1.64% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for different reasons and needs. The minimum investment for this offering is 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 Drone Aviation Holding Also

The Form D signed by Kendall Carpenter might help Drone Aviation Holding Corp.’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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