Fantasysports.Com, Inc., Corporation just released form D regarding $500,000 equity financing. This is a new filing. Fantasysports.Com, Inc. is expected to fundraise $500,000 in this financing offer. The total fundraising amount was $500,000. The form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fantasysports.Com is based in California. The firm’s business is not disclosed. The D form was submitted by Ken Bart Attorney. The company was incorporated in 2016. The filler’s address is: 3400 Irvine Avenue, Suite 212, Newport Beach, Ca, California, 92660. William Junkin is the related person in the form and it has address: 3400 Irvine Avenue, Suite 212, Newport Beach, Ca, California, 92660. Link to Fantasysports.Com Filing: 000168755416000001.
Analysis of Fantasysports.Com Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Fantasysports.Com sold 0.00% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this offering is set at $5000. 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 Fantasysports.Com Also
The Form D signed by Ken Bart might help Fantasysports.Com, 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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