Oceangate Inc, Corporation just had published form D regarding $5.00 million debt financing. The date of first sale was 2016-06-20. Oceangate was able to finance itself with $1.60 million so far. That is 32.00% of the fundraising. The total private offering amount was $5.00 million. The form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $3.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Oceangate is based in Washington. The company’s business is not disclosed. The form D was signed by R Stockton Rush President/CEO. The company was incorporated in 2011. The filler’s address is: 1205 Craftsman Way, Suite 112, Everett, Wa, Washington, 98201. R Stockton Rush is the related person in the form and it has address: 1205 Craftsman Way, Suite 112, Everett, Wa, Washington, 98201. Link to Oceangate Filing: 000155911816000004.
Analysis of Oceangate Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Oceangate sold 32.00% of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 47.54% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different needs and reasons. The minimum investment for this financing 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 Oceangate Also
The Form D signed by R Stockton Rush might help Oceangate 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.