Bay Dynamics Financing
Bay Dynamics, Inc., Corporation just filed form D because of $23.00 million equity financing. This is a new filing. Bay Dynamics was able to finance itself with $23.00 million. That is 100.00% of the offering. The total private offering amount was $23.00 million. This form was filed on 2016-07-09. The reason for the financing was: unspecified.
Bay Dynamics is based in California. The firm’s business is not disclosed. The SEC form was submitted by Feris Rifai President and CEO. The company was incorporated in 2014. The filler’s address is: 595 Market St., Suite 1300, San Francisco, Ca, California, 94105. Feris Rifai is the related person in the form and it has address: C/O Bay Dynamics, Inc., 595 Market St., Suite 1300, San Francisco, Ca, California, 94105. Link to Bay Dynamics Filing: 000128864916000021.
Analysis of Bay Dynamics Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Bay Dynamics sold 100.00% of the offering. Could this mean that the trust in Bay Dynamics is high? The average investment offering size for companies in all industries in our database is $3.05 million. The total amount raised is 654.10% bigger than the average for companies in the database. 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 Bay Dynamics Also
The Form D signed by Feris Rifai might help Bay Dynamics, 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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