Rheidiant Inc., Corporation just submitted form D because of $300,000 debt financing. This is a new filing. Rheidiant was able to sell $50,000 so far. That is 16.67% of the round of financing. The total financing amount was $300,000. The private financing document was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Rheidiant is based in Texas. The firm’s business is Oil and Gas. The D form was submitted by Murat Ocalan PhD President and CEO. The company was incorporated in 2016. The filler’s address is: 332 W 21St Street, Houston, Tx, Texas, 77008. Murat Ocalan is the related person in the form and it has address: 332 W 21St Street, Houston, Tx, Texas, 77008. Link to Rheidiant Filing: 000168711416000001.
Analysis of Rheidiant Offering
On average, companies in the Oil and Gas sector, sell 13.77% of the total offering amount. Rheidiant sold 16.67% of the offering. The financing is still open. Could this mean that the trust in Rheidiant is high? The average offering amount for companies in the Oil and Gas industry is $227,000. The offering was 77.97% smaller than the average of $227,000. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing is set at $50000. 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 Rheidiant Also
The Form D signed by Murat Ocalan PhD might help Rheidiant 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.