Limbik Inc, Corporation just released form D because of $1.50 million debt financing. This is a new filing. Limbik was able to fundraise $105,000 so far. That is 7.00% of the financing round. The total private financing amount was $1.50 million. The offering form was filed on 2016-07-08. The reason for the financing was: unspecified. The fundraising still has about $1.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Limbik is based in Alabama. The filler’s business is Other Technology. The D form was signed by Zachary Schwitzky President. The company was incorporated more than five years ago. The filler’s address is: 444 Madison Ave, 8Th Floor, New York, Ny, New York, 10022. Zachary Schwitzky is the related person in the form and it has address: 444 Madison Ave, New York, Ny, New York, 10022. Link to Limbik Filing: 000167887216000002.
Analysis of Limbik Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Limbik sold 7.00% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 93.18% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for a variety of 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 Limbik Also
The Form D signed by Zachary Schwitzky might help Limbik 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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