Form D Filing: Acrebroadband $2.50 million Financing. Philip T Kennedy by William T McCartan POA Released Jul 12 D Form

Telecommunications Acrebroadband, Inc. - Philip T Kennedy by William T McCartan POA

Acrebroadband Financing

Acrebroadband, Inc., Corporation just had published form D announcing $2.50 million equity financing. The date of first sale was 2015-03-02. Acrebroadband was able to sell $1.08 million so far. That is 43.20% of the fundraising. The total private offering amount was $2.50 million. The financing document was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $1.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Acrebroadband is based in Iowa. The company’s business is Telecommunications. The SEC form was signed by Philip T Kennedy by William T McCartan POA President. The company was incorporated in 2014. The filler’s address is: 1131 Wenig Rd. Ne, Cedar Rapids, Ia, Iowa, 52402. Philip T Kennedy is the related person in the form and it has address: 1131 Wenig Rd. Ne, Cedar Rapids, Ia, Iowa, 52402. Link to Acrebroadband Filing: 000163674616000002.

Analysis of Acrebroadband Offering

On average, startups in the Telecommunications sector, sell 85.70% of the total offering size. Acrebroadband sold 43.20% of the offering. The financing is still open. The average offering size for companies in the Telecommunications industry is $125,000. The total amount raised is 764.00% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing is set at $10000. 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 Acrebroadband Also

The Form D signed by Philip T Kennedy by William T McCartan POA might help Acrebroadband, 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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