Cutting Edge Products Holdings Financing
Cutting Edge Products Holdings Llc, Limited Liability Company just submitted form D regarding $300,000 equity financing. This is a new filing. Cutting Edge Products Holdings was able to sell $225,000 so far. That is 75.00% of the offering. The total fundraising amount was $300,000. The offering form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $75,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cutting Edge Products Holdings is based in California. The company’s business is Other Technology. The form D was submitted by Bryan Corlett Managing Member. The company was incorporated in 2015. The filler’s address is: 120 Newport Center Drive, Newport Beach, Ca, California, 92660. Bryan Corlett is the related person in the form and it has address: C/O Cutting Edge Products Holdings Llc, 120 Newport Center Drive, Newport Beach, Ca, California, 92660. Link to Cutting Edge Products Holdings Filing: 000166507916000002.
Analysis of Cutting Edge Products Holdings Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Cutting Edge Products Holdings sold 75.00% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 85.39% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this financing 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 Cutting Edge Products Holdings Also
The Form D signed by Bryan Corlett might help Cutting Edge Products Holdings Llc’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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