Electric Ai Financing
Electric Ai, Inc., Corporation just submitted form D because of $2.00 million equity financing. This is a new filing. Electric Ai was able to fundraise $1.02 million so far. That is 50.95% of the offering. The total private offering amount was $2.00 million. The offering form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $981,001 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Electric Ai is based in Alabama. The company’s business is not disclosed. The SEC form was submitted by Ryan Denehy Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 333 Hudson Street #602, New York, Ny, New York, 10013. Ryan Denehy is the related person in the form and it has address: 333 Hudson Street, #602, New York, Ny, New York, 10013. Link to Electric Ai Filing: 000168705816000001.
Analysis of Electric Ai Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Electric Ai sold 50.95% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 66.59% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this offering 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 Electric Ai Also
The Form D signed by Ryan Denehy might help Electric Ai, 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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