Form D Filing: Intellispyre $600000 Fundraising. PAULO SHAKARIAN Published Oct 12 D Filing


Technology Intellispyre, Inc. - PAULO SHAKARIAN

Intellispyre Financing

Intellispyre, Inc., Corporation just had published form D regarding $600,000 equity and debt financing. This is a new filing. Intellispyre was able to sell $25,000 so far. That is 4.17% of the offering. The total private financing amount was $600,000. The financing document was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $575,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Intellispyre is based in Arizona. The firm’s business is Other Technology. The SEC form was signed by PAULO SHAKARIAN CHIEF EXECUTIVE OFFICER. The company was incorporated in 2016. The filler’s address is: 1475 N. Scottsdale Road, Suite 200, Scottsdale, Az, Arizona, 85257. Paulo Shakarian is the related person in the form and it has address: 1475 N. Scottsdale Road, Suite 200, Scottsdale, Az, Arizona, 85257. Link to Intellispyre Filing: 000168717116000001.

Analysis of Intellispyre Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Intellispyre sold 4.17% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 98.38% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms raise funds for different needs and reasons. The minimum investment for this financing 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 Intellispyre Also

The Form D signed by PAULO SHAKARIAN might help Intellispyre, 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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