In-Telligent Properties Financing
In-Telligent Properties, Inc., Corporation just filed form D regarding $4.50 million equity financing. The date of first sale was 2015-11-18. In-Telligent Properties was able to finance itself with $1.73 million so far. That is 38.33% of the financing offer. The total fundraising amount was $4.50 million. The financing form was filed on 2016-07-13. The reason for the financing was: Salaries not anticipated until after closing. In such event, amount will be consistent with fair market rates; consider BLS data; qualifications/education/experience/contributions; size/performance/location; and may be funded by capital generated hereby.. The fundraising still has about $2.78 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
In-Telligent Properties is based in Alabama. The company’s business is Other Technology. The form was submitted by Allan Sutherland President. The company was incorporated in 2015. The filler’s address is: 15255 South 94Th Avenue, Suite 547, Orland Park, Il, Illinois, 60462. Allan Sutherland is the related person in the form and it has address: 15255 South 94Th Avenue, Suite 547, Orland Park, Il, Illinois, 60462. Link to In-Telligent Properties Filing: 000165978716000003.
Analysis of In-Telligent Properties Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. In-Telligent Properties sold 38.33% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 12.01% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $25000. 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 In-Telligent Properties Also
The Form D signed by Allan Sutherland might help In-Telligent Properties, 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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