Professional Diversity Network Financing
Professional Diversity Network, Inc., Corporation just released form D regarding $3.19 million equity financing. This is a new filing. Professional Diversity Network was able to sell $3.19 million. That is 100.00% of the fundraising offer. The total offering amount was $3.19 million. The financing document was filed on 2016-07-07. The reason for the financing was: These amounts are based on the maximum aggregate number of shares for which the warrants are excercisable. One of the warrants is for a pro rata amount of shares of common stock tied to the actual amounts drawn under the issuer’s master credit facility..
Professional Diversity Network is based in Illinois. The company’s business is Computers. The form was signed by Christopher Wesser General Counsel and Secretary. The company was incorporated in 2012. The filler’s address is: 801 W. Adams Street, Suite 600, Chicago, Il, Illinois, 60607. Katherine Butkevich is the related person in the form and it has address: 801 W. Adams Street, Suite 600, Chicago, Il, Illinois, 60607. Link to Professional Diversity Network Filing: 000121465916012639.
Analysis of Professional Diversity Network Offering
On average, firms in the Computers sector, sell 85.30% of the total offering amount. Professional Diversity Network sold 100.00% of the offering. Could this mean that the trust in Professional Diversity Network is high? The average investment size for companies in the Computers industry is $130,000. The total amount raised is 2,351.92% bigger than the average for companies in the Computers sector. The minimum investment for this financing 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 Professional Diversity Network Also
The Form D signed by Christopher Wesser might help Professional Diversity Network, 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.