Form D of The Day: Mainsail Sports $70000 Fundraising. Resve Saleh Submitted Jul 11 D form

Mainsail Sports Inc. - Resve Saleh

Mainsail Sports Financing

Mainsail Sports Inc., Corporation just had published form D regarding $70,000 equity financing. This is a new filing. Mainsail Sports was able to finance itself with $70,000. That is 100.00% of the fundraising offer. The total fundraising amount was $70,000. The form was filed on 2016-07-11. The reason for the financing was: Proceeds from the offering will be used as working capital. The number above excludes use of proceeds for normal salary to executive officers..

Mainsail Sports is based in British Columbia – Canada. The filler’s business is not disclosed. The form was signed by Resve Saleh President. The company was incorporated in 2016. The filler’s address is: 1852 Thurber Road, Comox, A1, British Columbia, Canada, V9m 1A4. Resve Saleh is the related person in the form and it has address: 1852 Thurber Road, Comox, A1, British Columbia, Canada, V9m 1A4. Link to Mainsail Sports Filing: 000114036116072396.

Analysis of Mainsail Sports Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Mainsail Sports sold 100.00% of the offering. Could this mean that the trust in Mainsail Sports is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 97.70% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed for different needs and reasons. The minimum investment for this offering 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 Mainsail Sports Also

The Form D signed by Resve Saleh might help Mainsail Sports 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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