Form D Worth Mentioning: Solarflare Communications $15.00 million Fundraising. Mary Jane Abalos Released Jul 11 Form D

Technology Solarflare Communications Inc - Mary Jane Abalos

Solarflare Communications Financing

Solarflare Communications Inc, Corporation just had published form D announcing $15.00 million debt financing. The date of first sale was 2015-11-30. Solarflare Communications was able to sell $15.00 million. That is 100.00% of the fundraising offer. The total fundraising amount was $15.00 million. The financing form was filed on 2016-07-11. The reason for the financing was: unspecified.

Solarflare Communications is based in California. The filler’s business is Other Technology. The SEC form was filed by Mary Jane Abalos Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 7505 Irvine Center Drive, Suite 100, Irvine, Ca, California, 92618. Russell Stern is the related person in the form and it has address: C/O Solarflare Communications, Inc., 7505 Irvine Center Drive, Suite 100, Irvine, Ca, California, 92618. Link to Solarflare Communications Filing: 000113862116000004.

Analysis of Solarflare Communications Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Solarflare Communications sold 100.00% of the offering. Could this mean that the trust in Solarflare Communications is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 874.03% bigger than the average for companies in the Other Technology 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 Solarflare Communications Also

The Form D signed by Mary Jane Abalos might help Solarflare Communications 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.

Related posts

Leave a Comment