Ceracuity, Inc., Corporation just had published form D about $500,000 debt financing. This is a new filing. Ceracuity was able to sell $2,500 so far. That is 0.50% of the financing round. The total offering amount was $500,000. The form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $497,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ceracuity is based in New York. The filler’s business is Biotechnology. The D form was filed by Stuart Feiner Treasurer. The company was incorporated in 2016. The filler’s address is: 205 West 89Th Street #3I, New York, Ny, New York, 10024. A. Douglas Peabody is the related person in the form and it has address: 205 West 89Th Street #3I, New York, Ny, New York, 10024. Link to Ceracuity Filing: 000167901416000001.
Analysis of Ceracuity Offering
On average, firms in the Biotechnology sector, sell 73.77% of the total offering size. Ceracuity sold 0.50% of the offering. The fundraising is still open. The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The offering was 99.92% smaller than the average of $3.08 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising was 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 Ceracuity Also
The Form D signed by Stuart Feiner might help Ceracuity, 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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