Crossroads Systems Financing
Crossroads Systems Llc, Limited Liability Company just filed form D regarding $300,000 equity financing. This is a new filing. Crossroads Systems was able to fundraise $300,000. That is 100.00% of the financing offer. The total private offering amount was $300,000. The financing document was filed on 2016-07-08. The reason for the financing was: unspecified.
Crossroads Systems is based in Alabama. The firm’s business is Other Health Care. The D form was filed by Corbin B Church CEO. The company was incorporated in 2014. The filler’s address is: 6810 S 300 W, #1, Midvale, Ut, Utah, 84047. Corbin B Church is the related person in the form and it has address: 6810 S 300 W, #1, Midvale, Ut, Utah, 84047. Link to Crossroads Systems Filing: 000108036816000050.
Analysis of Crossroads Systems Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Crossroads Systems sold 100.00% of the offering. Could this mean that the trust in Crossroads Systems is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The offering was 74.14% smaller than the average of $1.16 million. Of course this should not be seen as negative. Companies get financed for a variety of reasons and needs. 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 Crossroads Systems Also
The Form D signed by Corbin B Church might help Crossroads Systems 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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