Form D Reporting: Airwavz Solutions $2.03 million Fundraising. Michael Gutschmit Filed Oct 18 Filing

Telecommunications Airwavz Solutions, Inc. - Michael Gutschmit

Airwavz Solutions Financing

Airwavz Solutions, Inc., Corporation just released form D announcing $2.03 million equity financing. This is a new filing. Airwavz Solutions was able to fundraise $1.56 million so far. That is 76.62% of the fundraising. The total financing amount was $2.03 million. The financing form was filed on 2016-10-18. The reason for the financing was: Other than the payment of salaries and other compensation and benefits, no officer, director, manager or promoter will receive any payments from the proceeds of this offering.. The fundraising still has about $475,784 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Airwavz Solutions is based in North Carolina. The filler’s business is Telecommunications. The SEC form was signed by Michael Gutschmit Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: 6813-D Fairview Road, Charlotte, Nc, North Carolina, 28210. Adrian Wilson is the related person in the form and it has address: C/O Airwavz Solutions, Inc., 6813-D Fairview Road, Charlotte, Nc, North Carolina, 28210. Link to Airwavz Solutions Filing: 000159779116000004.

Analysis of Airwavz Solutions Offering

On average, firms in the Telecommunications sector, sell 85.70% of the total offering amount. Airwavz Solutions sold 76.62% of the offering. The financing is still open. The average fundraising size for companies in the Telecommunications industry is $125,000. The total amount raised is 1,147.07% bigger than the average for companies in the Telecommunications sector. The minimum investment for this fundraising is 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 Airwavz Solutions Also

The Form D signed by Michael Gutschmit might help Airwavz Solutions, 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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