Follow The Form D: Cobalt Iron $1.50 million Financing. Richard R Spurlock Published Jul 11 Form D

Cobalt Iron, Inc. - Richard R Spurlock

Cobalt Iron Financing

Cobalt Iron, Inc., Corporation just released form D regarding $1.50 million equity and debt financing. This is a new filing. Cobalt Iron was able to finance itself with $1.50 million. That is 100.00% of the fundraising offer. The total fundraising amount was $1.50 million. The fundraising form was filed on 2016-07-11. The reason for the financing was: A portion of the proceeds may be used to pay ordinary course remuneration to persons who serve as officers and/or directors of the Company..

Cobalt Iron is based in Kansas. The filler’s business is not disclosed. The form was signed by Richard R Spurlock Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 1421 Research Park Drive, Suite 2C, Lawrence, Ks, Kansas, 66049. Richard R. Spurlock is the related person in the form and it has address: 1421 Research Park Drive, Suite 2C, Lawrence, Ks, Kansas, 66049. Link to Cobalt Iron Filing: 000167795116000001.

Analysis of Cobalt Iron Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Cobalt Iron sold 100.00% of the offering. Could this mean that the trust in Cobalt Iron is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 50.82% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering 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 Cobalt Iron Also

The Form D signed by Richard R Spurlock might help Cobalt Iron, 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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