Chalk Digital Financing
Chalk Digital, Inc., Corporation just filed form D regarding $2.00 million equity financing. The date of first sale was 2015-06-30. Chalk Digital was able to finance itself with $1.67 million. That is 83.75% of the financing round. The total fundraising amount was $2.00 million. The financing document was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $325,002 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Chalk Digital is based in California. The company’s business is Other Technology. The form D was submitted by Craig Hagopian President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 4790 Eastgate Mall Suite 125, San Diego, Ca, California, 92121. Craig Hagopian is the related person in the form and it has address: 4790 Eastgate Mall Suite 125, San Diego, Ca, California, 92121. Link to Chalk Digital Filing: 000164804416000002.
Analysis of Chalk Digital Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Chalk Digital sold 83.75% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 8.77% bigger than the average for companies in the Other Technology 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 Chalk Digital Also
The Form D signed by Craig Hagopian might help Chalk Digital, 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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