Yank Technologies Financing
Yank Technologies, Inc., Corporation just released form D for $500,000 debt financing. This is a new filing. Yank Technologies was able to finance itself with $15,000 so far. That is 3.00% of the round of financing. The total private financing amount was $500,000. The private financing document was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $485,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Yank Technologies is based in Alabama. The company’s business is Other Technology. The form was filed by Joshua Yankowitz CEO. The company was incorporated in 2015. The filler’s address is: 69 Charlton St., New York, Ny, New York, 10014. Joshua Yankowitz is the related person in the form and it has address: 69 Charlton St., New York, Ny, New York, 10014. Link to Yank Technologies Filing: 000168760916000001.
Analysis of Yank Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Yank Technologies sold 3.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 99.03% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms raise funds for different reasons and needs. 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 Yank Technologies Also
The Form D signed by Joshua Yankowitz might help Yank Technologies, 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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