Kaazing Corp, Corporation just submitted form D about $5.63 million equity financing. This is a new filing. Kaazing was able to sell $4.10 million so far. That is 72.85% of the financing offer. The total private offering amount was $5.63 million. The financing document was filed on 2016-10-19. The reason for the financing was: Offering includes Series 1 Preferred Stock and Series 1-NV Preferred Stock and underlying Common Stock. Amounts include cash investment and the conversion of outstanding indebtedness (principal and interest).. The fundraising still has about $1.53 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Kaazing is based in California. The firm’s business is not disclosed. The form was filed by Robert Miller CEO. The company was incorporated more than five years ago. The filler’s address is: 6001 America Center Drive, Suite 250, San Jose, Ca, California, 90052. Mohsen Moazami is the related person in the form and it has address: C/O Columbus Nova Llc, 900 3Rd Ave., 19F, New York, Ny, New York, 10022. Link to Kaazing Filing: 000143368916000002.
Analysis of Kaazing Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Kaazing sold 72.85% of the offering. The financing is still open. Could this mean that the trust in Kaazing is high? The average investment offering size for companies in all industries in our database is $3.05 million. The total amount raised is 34.44% bigger than the average for companies in the database. The minimum investment for this fundraising was set at $0. 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 Kaazing Also
The Form D signed by Robert Miller might help Kaazing Corp’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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