Form D Worth Watching: Tibit Communications $14.65 million Financing. Richard L Stanfield Filed Oct 14 form D

Technology Tibit Communications, Inc. - Richard L Stanfield

Tibit Communications Financing

Tibit Communications, Inc., Corporation just had published form D regarding $14.65 million equity financing. This is a new filing. Tibit Communications was able to finance itself with $13.84 million. That is 94.50% of the fundraising offer. The total fundraising amount was $14.65 million. The offering form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $805,218 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tibit Communications is based in California. The firm’s business is Other Technology. The form D was signed by Richard L Stanfield CEO. The company was incorporated in 2014. The filler’s address is: 1 Willowbrook Court, Suite 150, Petaluma, Ca, California, 94954. Richard L. Stanfield is the related person in the form and it has address: 1 Willowbrook Court, Suite 150, Petaluma, Ca, California, 94954. Link to Tibit Communications Filing: 000168742616000001.

Analysis of Tibit Communications Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Tibit Communications sold 94.50% of the offering. The financing is still open. Could this mean that the trust in Tibit Communications is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 798.88% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Tibit Communications Also

The Form D signed by Richard L Stanfield might help Tibit Communications, 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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