Eta Wireless Financing
Eta Wireless, Inc., Corporation just submitted form D about $107,669 equity financing. This is a new filing. Eta Wireless was able to fundraise $107,669. That is 100.00% of the round of financing. The total offering amount was $107,669. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified.
Eta Wireless is based in Alabama. The company’s business is Other Technology. The form was filed by Mattias Astrom President. The company was incorporated in 2016. The filler’s address is: 8 Alcott Rd., Lexington, Ma, Massachusetts, 02420. Mattias Astrom is the related person in the form and it has address: 8 Alcott Rd., Lexington, Ma, Massachusetts, 02420. Link to Eta Wireless Filing: 000168773816000001.
Analysis of Eta Wireless Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Eta Wireless sold 100.00% of the offering. Could this mean that the trust in Eta Wireless is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 93.01% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed 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 Eta Wireless Also
The Form D signed by Mattias Astrom might help Eta Wireless, 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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