Astro Digital Us Financing
Astro Digital Us, Inc., Corporation just filed form D about $12.00 million equity and debt financing. This is a new filing. Astro Digital Us was able to sell $4.00 million so far. That is 33.33% of the fundraising. The total private financing amount was $12.00 million. The financing document was filed on 2016-10-17. The reason for the financing was: The proceeds will be used for working capital which will include paying the salaries and benefits of executive officers and reimbursement of expenses of directors.. The fundraising still has about $8.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Astro Digital Us is based in California. The filler’s business is Other Technology. The D form was submitted by Chris Biddy Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 340 Cody Road, Bldg. #503, Nasa Ames Research Park, Mountain View, Ca, California, 94035. Chris Biddy is the related person in the form and it has address: 340 Cody Road, Bldg. #503, Nasa Ames Research Park, Mountain View, Ca, California, 94035. Link to Astro Digital Us Filing: 000093244016000498.
Analysis of Astro Digital Us Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Astro Digital Us sold 33.33% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 159.74% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $250000. 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 Astro Digital Us Also
The Form D signed by Chris Biddy might help Astro Digital Us, 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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