Visualant Inc, Corporation just released form D about $270,692 equity financing. This is a new filing. Visualant was able to fundraise $270,692. That is 100.00% of the fundraising. The total financing amount was $270,692. This form was filed on 2016-07-12. The reason for the financing was: 5,000 shares @ $2.59 and 3,304 shares @ $7.49 issued to Financial Genetics LLC pursuant to a Public Relations Agreement dated 10-21-2015. 77,665 shares @ $3.00 issued to White Oak Capital LLC pursuant to a debt conversion dated 07-11-2016..
Visualant is based in Washington. The company’s business is Other Technology. The form D was submitted by Ronald P Erickson CEO. The company was incorporated more than five years ago. The filler’s address is: 500 Union Street, Suite 420, Seattle, Wa, Washington, 98101. Ronald P. Erickson is the related person in the form and it has address: 500 Union Street, Suite 420, Seattle, Wa, Washington, 98101. Link to Visualant Filing: 000116169716000978.
Analysis of Visualant Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Visualant sold 100.00% of the offering. Could this mean that the trust in Visualant is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 82.42% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for different reasons and needs. The minimum investment for this fundraising 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 Visualant Also
The Form D signed by Ronald P Erickson might help Visualant 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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