Noteworthy Form D Filing: Ok Roger $500000 Fundraising. Rajeev Bector Filed Oct 10 SEC Filing

Technology Ok Roger Inc - Rajeev Bector

Ok Roger Financing

Ok Roger Inc, Corporation just released form D regarding $500,000 equity financing. This is a new filing. Ok Roger was able to finance itself with $500,000. That is 100.00% of the fundraising. The total financing amount was $500,000. The financing document was filed on 2016-10-10. The reason for the financing was: None, other than compensation to executives in their roles as employees..

Ok Roger is based in Alabama. The company’s business is Other Technology. The form D was signed by Rajeev Bector President. The company was incorporated in 2015. The filler’s address is: 6000 Shepherd Mountain Cove, Unit 1918, Austin, Tx, Texas, 78730. Rajeev Bector is the related person in the form and it has address: 6000 Shepherd Mountain Cove, Unit 1918, Austin, Tx, Texas, 78730. Link to Ok Roger Filing: 000168725116000001.

Analysis of Ok Roger Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Ok Roger sold 100.00% of the offering. Could this mean that the trust in Ok Roger is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising was 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 Ok Roger Also

The Form D signed by Rajeev Bector might help Ok Roger 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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