Vertigo Media Financing
Vertigo Media, Inc., Corporation just submitted form D because of $10.00 million equity financing. This is a new filing. Vertigo Media, Inc. is expected to finance itself with $10.00 million in this financing offer. The total offering amount was $10.00 million. The offering form was filed on 2016-10-12. The reason for the financing was: An estimated $400,000 of the offering proceeds may be paid as compensation to employees of the Issuer, including certain of those listed in Item 3 above.. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vertigo Media is based in North Carolina. The firm’s business is Other Technology. The D form was submitted by Hal Eason Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 14835 Ballantyne Village Way, Suite 225, Charlotte, Nc, North Carolina, 28277. Greg Leekley is the related person in the form and it has address: 14835 Ballantyne Village Way, Suite 225, Charlotte, Nc, North Carolina, 28277. Link to Vertigo Media Filing: 000160777316000010.
Analysis of Vertigo Media Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Vertigo Media sold 0.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering was 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 Vertigo Media Also
The Form D signed by Hal Eason might help Vertigo Media, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.