Lyndra, Inc., Corporation just had published form D regarding $5.93 million equity financing. This is a new filing. Lyndra was able to finance itself with $5.93 million. That is 100.00% of the round of financing. The total private offering amount was $5.93 million. The financing form was filed on 2016-07-12. The reason for the financing was: unspecified.
Lyndra is based in Massachusetts. The firm’s business is Biotechnology. The D form was submitted by Amy W Shulman President. The company was incorporated in 2015. The filler’s address is: 700 Main Street, Cambridge, Ma, Massachusetts, 02139. Amy W. Schulman is the related person in the form and it has address: 700 Main St., Cambridge, Ma, Massachusetts, 02139. Link to Lyndra Filing: 000114036116072356.
Analysis of Lyndra Offering
On average, firms in the Biotechnology sector, sell 73.77% of the total offering size. Lyndra sold 100.00% of the offering. Could this mean that the trust in Lyndra is high? The average financing size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 92.62% bigger than the average for companies in the Biotechnology sector. The minimum investment for this financing was 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 Lyndra Also
The Form D signed by Amy W Shulman might help Lyndra, 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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