Amyris, Inc., Corporation just filed form D regarding $5.00 million debt financing. This is a new filing. Amyris was able to finance itself with $5.00 million. That is 100.00% of the fundraising offer. The total fundraising amount was $5.00 million. This form was filed on 2016-07-08. The reason for the financing was: Issuer sold and issued secured promissory notes in the amount of $5M to an investor under a Note Purchase Agreement, as further described in a Current Report on Form 8-K filed on June 29, 2016..
Amyris is based in California. The filler’s business is Manufacturing. The SEC form was signed by Chris Jaenike Interim General Counsel. The company was incorporated more than five years ago. The filler’s address is: 5885 Hollis St Suite 100, Emeryville, Ca, California, 94608. John Melo is the related person in the form and it has address: Amyris, Inc., 5885 Hollis Street Suite 100, Emeryville, Ca, California, 94608. Link to Amyris Filing: 000136591616000125.
Analysis of Amyris Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Amyris sold 100.00% of the offering. Could this mean that the trust in Amyris is high? The average financing size for companies in the Manufacturing industry is $763,000. The total amount raised is 555.31% bigger than the average for companies in the Manufacturing sector. The minimum investment for this fundraising was 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 Amyris Also
The Form D signed by Chris Jaenike might help Amyris, 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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