Today’s Form D On Watch: Laxmi Therapeutic Devices $620 Fundraising. Oscar E Escobar Esq Released Jul 12 D Form

Technology Laxmi Therapeutic Devices, Inc. - Oscar E Escobar Esq

Laxmi Therapeutic Devices Financing

Laxmi Therapeutic Devices, Inc., Corporation just filed form D announcing $620 equity financing. This is a new filing. Laxmi Therapeutic Devices was able to fundraise $620. That is 100.00% of the round of financing. The total private offering amount was $620. The private financing document was filed on 2016-07-12. The reason for the financing was: unspecified.

Laxmi Therapeutic Devices is based in California. The filler’s business is Other Technology. The SEC form was submitted by Oscar E Escobar Esq Attorney. The company was incorporated in 2016. The filler’s address is: 108 Atlantic Lane, Goleta, Ca, California, 93117. Sumita Pennathur is the related person in the form and it has address: 108 Atlantic Lane, Goleta, Ca, California, 93117. Link to Laxmi Therapeutic Devices Filing: 000167937116000001.

Analysis of Laxmi Therapeutic Devices Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Laxmi Therapeutic Devices sold 100.00% of the offering. Could this mean that the trust in Laxmi Therapeutic Devices is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 99.96% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this offering is set at $10. 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 Laxmi Therapeutic Devices Also

The Form D signed by Oscar E Escobar Esq might help Laxmi Therapeutic Devices, 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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