Form D Filing: Zoomaway Travel $745947 Financing. MIRZA RAHIMANI Released Oct 13 Filing

Zoomaway Travel Inc. - MIRZA RAHIMANI

Zoomaway Travel Financing

Zoomaway Travel Inc., Corporation just filed form D announcing $745,947 equity financing. This is a new filing. Zoomaway Travel was able to fundraise $324,325 so far. That is 43.48% of the fundraising offer. The total financing amount was $745,947. The offering form was filed on 2016-10-13. The reason for the financing was: Total Offering Amount represents Units (4,254,000 x C$.10) plus exercise price of warrants (4,254,000 x C$.13) converted at C$1:00=US$0.7624. There is no guarantee that the warrants, expiring Sept. 30, 2021, will be exercised.. The fundraising still has about $421,622 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Zoomaway Travel is based in Nevada. The firm’s business is not disclosed. The form was filed by MIRZA RAHIMANI CHIEF FINANCIAL OFFICER. The company was incorporated more than five years ago. The filler’s address is: 145-925 West Georgia Street, Vancouver, A1, British Columbia, Canada, V6c 3L2. Jerry Grafstein is the related person in the form and it has address: 145 – 925 West Georgia Street, Vancouver, A1, British Columbia, Canada, V6c 3L2. Link to Zoomaway Travel Filing: 000118374016000440.

Analysis of Zoomaway Travel Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Zoomaway Travel sold 43.48% of the offering. The fundraising is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 89.37% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. 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 Zoomaway Travel Also

The Form D signed by MIRZA RAHIMANI might help Zoomaway Travel 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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