Flat Audio Technologies Financing
Flat Audio Technologies, Llc, Limited Liability Company just filed form D regarding $6.00 million equity and debt financing. The date of first sale was 2015-10-06. Flat Audio Technologies was able to sell $560,000 so far. That is 9.33% of the financing round. The total fundraising amount was $6.00 million. The private financing document was filed on 2016-07-12. The reason for the financing was: Operational Expansion. The fundraising still has about $5.44 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Flat Audio Technologies is based in Washington. The firm’s business is Manufacturing. The SEC form was filed by M Todd Ostrander CEO. The company was incorporated in 2011. The filler’s address is: 17802 134Th Ave Ne, Suite 20, Woodinville, Wa, Washington, 98072. M. Todd Ostrander is the related person in the form and it has address: Po Box 58, Fox Island, Wa, Washington, 98333. Link to Flat Audio Technologies Filing: 000167037816000002.
Analysis of Flat Audio Technologies Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Flat Audio Technologies sold 9.33% of the offering. The financing is still open. The average offering size for companies in the Manufacturing industry is $763,000. The offering was 26.61% smaller than the average of $763,000. Of course this should not be taken as negative. Firms get financed for different needs and reasons. The minimum investment for this financing is set at $50000. 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 Flat Audio Technologies Also
The Form D signed by M Todd Ostrander might help Flat Audio Technologies, Llc’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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