Powersphyr Inc., Corporation just had published form D regarding $600,000 equity financing. This is a new filing. Powersphyr Inc. is expected to finance itself with $600,000 in this fundraising offer. The total fundraising amount was $600,000. The form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $600,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Powersphyr is based in Alabama. The firm’s business is Other Technology. The form D was submitted by Neil Ganz President. The company was incorporated in 2016. The filler’s address is: 4115 Blackhawk Circl, Suite 100, Danville, Ca, California, 94506. Neil Ganz is the related person in the form and it has address: 4115 Blackhawk Circle, Suite 100, Danville, Ca, California, 94506. Link to Powersphyr Filing: 000167911616000001.
Analysis of Powersphyr Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Powersphyr sold 0.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this financing was set at $15000. 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 Powersphyr Also
The Form D signed by Neil Ganz might help Powersphyr 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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