Peerlogix, Inc., Corporation just had published form D for $750,000 debt financing. This is a new filing. Peerlogix was able to sell $210,000 so far. That is 28.00% of the fundraising offer. The total offering amount was $750,000. The offering form was filed on 2016-10-13. The reason for the financing was: Issuer agreed to pay WestPark Capital, Inc. a cash fee of 10% and an equity fee of 10% in warrants of the aggregate amount raised by WestPark in the offering.. The fundraising still has about $540,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Peerlogix is based in New York. The company’s business is Other Technology. The D form was signed by William Gorfein Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 119 West 24Th Street, 4Th Floor, New York, Ny, New York, 10011. William Gorfein is the related person in the form and it has address: C/O Peerlogix, Inc., 119 West 24Th St., 4Th Floor, New York, Ny, New York, 10011. Link to Peerlogix Filing: 000168316816000320.
Analysis of Peerlogix Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Peerlogix sold 28.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 86.36% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this financing was set at $10000. 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 Peerlogix Also
The Form D signed by William Gorfein might help Peerlogix, 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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