Jikopower, Inc., Corporation just filed form D about $250,000 equity and debt financing. This is a new filing. Jikopower was able to fundraise $50,000 so far. That is 20.00% of the round of financing. The total private financing amount was $250,000. The offering form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $200,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jikopower is based in Washington. The firm’s business is Manufacturing. The form D was signed by Ryan Ahearn President. The company was incorporated in 2015. The filler’s address is: 3205 C Street Northeast, Auburn, Wa, Washington, 98002. Ryan Ahearn is the related person in the form and it has address: 3205 C Street Northeast, Auburn, Wa, Washington, 98002. Link to Jikopower Filing: 000168727216000003.
Analysis of Jikopower Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Jikopower sold 20.00% of the offering. The fundraising is still open. The average investment size for companies in the Manufacturing industry is $763,000. The offering was 93.45% smaller than the average of $763,000. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing was set at $25000. 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 Jikopower Also
The Form D signed by Ryan Ahearn might help Jikopower, 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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