Corsica Innovations Financing
Corsica Innovations, Inc., Corporation just had published form D announcing $1.95 million equity financing. This is a new filing. Corsica Innovations was able to sell $1.85 million. That is 94.74% of the financing offer. The total private financing amount was $1.95 million. The form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $102,486 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Corsica Innovations is based in Alabama. The firm’s business is not disclosed. The form was submitted by Jonathan Ofir President/CEO. The company was incorporated in 2015. The filler’s address is: 1806 14Th Street Road, Greeley, Co, Colorado, 80631. Jonathan Ofir is the related person in the form and it has address: 1806 14Th Street Road, Greeley, Co, Colorado, 80631. Link to Corsica Innovations Filing: 000168751616000001.
Analysis of Corsica Innovations Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Corsica Innovations sold 94.74% of the offering. The financing is still open. Could this mean that the trust in Corsica Innovations is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 39.43% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising 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 Corsica Innovations Also
The Form D signed by Jonathan Ofir might help Corsica Innovations, 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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