Visualant Inc, Corporation just filed form D because of $175,000 equity and debt financing. This is a new filing. Visualant was able to sell $175,000. That is 100.00% of the offering. The total private offering amount was $175,000. The fundraising form was filed on 2016-10-13. The reason for the financing was: On 09-30-2016 the Company entered into a Securities Purchase Agreement and 10% Convertible Note for $175,000 with Clayton A. Struve. The Note is convertible into stock of the Company @ $.70/share..
Visualant is based in Washington. The filler’s business is Other Technology. The SEC form was submitted by Ronald P Erickson CEO. The company was incorporated more than five years ago. The filler’s address is: 500 Union Street, Suite 420, Seattle, Wa, Washington, 98101. Ronald P. Erickson is the related person in the form and it has address: 500 Union Street, Suite 420, Seattle, Wa, Washington, 98101. Link to Visualant Filing: 000116169716001115.
Analysis of Visualant Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Visualant sold 100.00% of the offering. Could this mean that the trust in Visualant is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 88.64% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for a variety of 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 Visualant Also
The Form D signed by Ronald P Erickson might help Visualant 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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