Form D of The Day: Strapped $160000 Fundraising. Brian Kerzner Released Oct 12 SEC form

Retailing Strapped Inc. - Brian Kerzner

Strapped Financing

Strapped Inc., Corporation just had published form D about $160,000 equity financing. This is a new filing. Strapped was able to fundraise $160,000. That is 100.00% of the fundraising offer. The total private financing amount was $160,000. This form was filed on 2016-10-12. The reason for the financing was: In the ordinary course of business, the issuer may use some of the proceeds of the offering to pay salaries to certain of its executive officers and directors..

Strapped is based in British Columbia – Canada. The filler’s business is Retailing. The SEC form was submitted by Brian Kerzner Chairman, President and Director. The company was incorporated in 2014. The filler’s address is: Suite 2600, Three Bentall Centre, 595 Burrard Street, Vancouver, A1, British Columbia, Canada, V7x 1L3. Brian Kerzner is the related person in the form and it has address: Suite 2600, Three Bentall Centre, 595 Burrard Street, Vancouver, A1, British Columbia, Canada, V7x 1L3. Link to Strapped Filing: 000168743216000001.

Analysis of Strapped Offering

On average, firms in the Retailing sector, sell 71.70% of the total offering amount. Strapped sold 100.00% of the offering. Could this mean that the trust in Strapped is high? The average financing size for companies in the Retailing industry is $45,600. The total amount raised is 250.88% bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising is set at $0. 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 Strapped Also

The Form D signed by Brian Kerzner might help Strapped 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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