Visante, Inc., Corporation just released form D because of $118,750 equity financing. This is a new filing. Visante was able to fundraise $118,750. That is 100.00% of the fundraising offer. The total private financing amount was $118,750. This form was filed on 2016-07-06. The reason for the financing was: unspecified.
Visante is based in Minnesota. The company’s business is Other Health Care. The SEC form was signed by James A Jorgenson Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 101 E. Fifth Street, #2220, St. Paul, Mn, Minnesota, 55101. James A. Jorgenson is the related person in the form and it has address: C/O Visante, Inc., 101 E. Fifth Street, #2220, St. Paul, Mn, Minnesota, 55101. Link to Visante Filing: 000158804216000003.
Analysis of Visante Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Visante sold 100.00% of the offering. Could this mean that the trust in Visante is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The offering was 89.76% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is set at $118750. 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 Visante Also
The Form D signed by James A Jorgenson might help Visante, 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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