Form D Flow: Useriq $2.00 million Financing. Aaron Aycock Published Oct 19 Filing

Technology Useriq, Inc. - Aaron Aycock

Useriq Financing

Useriq, Inc., Corporation just submitted form D because of $2.00 million equity financing. This is a new filing. Useriq was able to finance itself with $1.93 million. That is 96.44% of the offering. The total financing amount was $2.00 million. This form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $71,245 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Useriq is based in Georgia. The filler’s business is Other Technology. The form was signed by Aaron Aycock CEO. The company was incorporated in 2013. The filler’s address is: 75 5Th Street, Nw, Suite 2200, Atlanta, Ga, Georgia, 30308. Aaron Aycock is the related person in the form and it has address: 75 5Th Street, Nw, Suite 2200, Atlanta, Ga, Georgia, 30308. Link to Useriq Filing: 000160942616000002.

Analysis of Useriq Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Useriq sold 96.44% of the offering. The financing is still open. Could this mean that the trust in Useriq is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 25.24% bigger than the average for companies in the Other Technology 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 Useriq Also

The Form D signed by Aaron Aycock might help Useriq, 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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