Dust Cutter Financing
Dust Cutter, Corporation just released form D because of $1.50 million equity financing. This is a new filing. Dust Cutter was able to finance itself with $1.00 million so far. That is 66.67% of the financing offer. The total fundraising amount was $1.50 million. The form was filed on 2016-10-18. The reason for the financing was: Estimated annual salary to officer. The fundraising still has about $499,994 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dust Cutter is based in Utah. The firm’s business is not disclosed. The form was signed by Matthew A Confer Attorney. The company was incorporated in 2013. The filler’s address is: 3813 Danfield Lane, Norman, Ok, Oklahoma, 73072. Eric Green is the related person in the form and it has address: Po Box 4008, Jackson, Wy, Wyoming, 83001. Link to Dust Cutter Filing: 000157126916000002.
Analysis of Dust Cutter Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Dust Cutter sold 66.67% of the offering. The financing is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 67.21% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this fundraising is 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 Dust Cutter Also
The Form D signed by Matthew A Confer might help Dust Cutter’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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