Mangstor, Inc., Corporation just filed form D because of $5.01 million equity financing. This is a new filing. Mangstor was able to fundraise $5.01 million. That is 100.00% of the fundraising offer. The total offering amount was $5.01 million. The offering form was filed on 2016-07-12. The reason for the financing was: Series B Preferred Stock Financing.
Mangstor is based in Texas. The filler’s business is Other Technology. The form was submitted by Trevor Smith President. The company was incorporated in 2012. The filler’s address is: 108 Wild Basin Drive, Suite 250, Ausitn, Tx, Texas, 78746. Trevor Smith is the related person in the form and it has address: 108 Wild Basin Drive, Suite 250, Austin, Tx, Texas, 78746. Link to Mangstor Filing: 000158180916000002.
Analysis of Mangstor Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Mangstor sold 100.00% of the offering. Could this mean that the trust in Mangstor is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 225.01% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Mangstor Also
The Form D signed by Trevor Smith might help Mangstor, 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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