Form D Action: General Nano $1.50 million Fundraising. Joseph Sprengard Released Oct 14 form


Technology General Nano Llc - Joseph Sprengard

General Nano Financing

General Nano Llc, Limited Liability Company just filed form D about $1.50 million equity financing. This is a new filing. General Nano was able to sell $1.00 million so far. That is 66.67% of the round of financing. The total fundraising amount was $1.50 million. The fundraising form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $499,906 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

General Nano is based in Ohio. The filler’s business is Other Technology. The D form was submitted by Joseph Sprengard Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1776 Mentor Avenue,Suite 170, Cincinnati, Oh, Ohio, 45212. Joseph Edward Sprengard is the related person in the form and it has address: C/O General Nano Llc, 1776 Mentor Avenue, Suite 170, Cincinnati, Oh, Ohio, 45212. Link to General Nano Filing: 000168742416000001.

Analysis of General Nano Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. General Nano sold 66.67% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 35.06% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $125023. 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 General Nano Also

The Form D signed by Joseph Sprengard might help General Nano Llc’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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