Chasm Advanced Materials Financing
Chasm Advanced Materials, Inc., Corporation just submitted form D announcing $3.00 million equity and debt financing. This is a new filing. Chasm Advanced Materials was able to sell $425,000 so far. That is 14.17% of the offering. The total private offering amount was $3.00 million. This form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $2.58 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Chasm Advanced Materials is based in Massachusetts. The filler’s business is Manufacturing. The SEC form was filed by David J Arthur President. The company was incorporated in 2015. The filler’s address is: 480 Neponset Street, Building 6, Canton, Ma, Massachusetts, 02021. David J Arthur is the related person in the form and it has address: 480 Neponset Street, Building 6, Canton, Ma, Massachusetts, 02021. Link to Chasm Advanced Materials Filing: 000168735716000001.
Analysis of Chasm Advanced Materials Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Chasm Advanced Materials sold 14.17% of the offering. The fundraising is still open. The average investment size for companies in the Manufacturing industry is $763,000. The offering was 44.30% smaller than the average of $763,000. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering is set at $25000. 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 Chasm Advanced Materials Also
The Form D signed by David J Arthur might help Chasm Advanced Materials, 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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