Alkaline Water Co Financing
Alkaline Water Co Inc, Corporation just released form D about $685,000 equity and debt financing. This is a new filing. Alkaline Water Co was able to sell $685,000. That is 100.00% of the offering. The total offering amount was $685,000. This form was filed on 2016-07-12. The reason for the financing was: Consists of promissory notes in the principal amount of $260,000 (convertible into shares of common stock at a price of $1.00 per share) and 425,000 shares of common stock at $1.00 per share..
Alkaline Water Co is based in Arizona. The firm’s business is Retailing. The D form was filed by Richard A Wright Vice-President, Secretary, Treasurer. The company was incorporated more than five years ago. The filler’s address is: 7730 E Greenway Road, Suite 203, Scottsdale, Az, Arizona, 85260. Steven P Nickolas is the related person in the form and it has address: 14301 North 87 Street, Suite 109, Scottsdale, Az, Arizona, 85260. Link to Alkaline Water Co Filing: 000108503716000307.
Analysis of Alkaline Water Co Offering
On average, companies in the Retailing sector, sell 71.70% of the total offering size. Alkaline Water Co sold 100.00% of the offering. Could this mean that the trust in Alkaline Water Co is high? The average offering amount for companies in the Retailing industry is $45,600. The total amount raised is 1,402.19% bigger than the average for companies in the Retailing sector. The minimum investment for this financing is set at $0. 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 Alkaline Water Co Also
The Form D signed by Richard A Wright might help Alkaline Water Co 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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