Form D: Metagenesusa $1.50 million Fundraising. DAVID MORETTI Submitted Oct 19 Form D

Metagenesusa Llc - DAVID MORETTI

Metagenesusa Financing

Metagenesusa Llc, Limited Liability Company just had published form D announcing $1.50 million equity financing. This is a new filing. Metagenesusa was able to sell $700,000 so far. That is 46.67% of the financing offer. The total private offering amount was $1.50 million. The financing form was filed on 2016-10-19. The reason for the financing was: PROCEEDS ARE FOR WORKING CAPITAL. THE NUMBER ABOVE EXCLUDES USE OF PROCEEDS FOR NORMAL SALARY AND BONUS COMPENSATION TO EXECUTIVE OFFICERS.. The fundraising still has about $800,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Metagenesusa is based in Alabama. The company’s business is not disclosed. The D form was signed by DAVID MORETTI ATTORNEY AND AUTHORIZED REPRESENTATIVE. The company was incorporated in 2016. The filler’s address is: 41982 Kudu Ct, Aldie, Va, Virginia, 20105. David Ramadan is the related person in the form and it has address: 41982 Kudu Ct, Aldie, Va, Virginia, 20105. Link to Metagenesusa Filing: 000168762516000001.

Analysis of Metagenesusa Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Metagenesusa sold 46.67% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 77.05% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing was 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 Metagenesusa Also

The Form D signed by DAVID MORETTI might help Metagenesusa Llc’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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