Crystal Commerce Financing
Crystal Commerce, Inc., Corporation just submitted form D regarding $800,000 equity financing. This is a new filing. Crystal Commerce was able to sell $800,000. That is 100.00% of the round of financing. The total private offering amount was $800,000. The form was filed on 2016-10-19. The reason for the financing was: unspecified.
Crystal Commerce is based in Alabama. The firm’s business is Other Technology. The form was submitted by Dan McCarty CEO. The company was incorporated more than five years ago. The filler’s address is: 7116 220Th St Sw, Mountlake Terrace, Wa, Washington, 98043. Dan Mccarty is the related person in the form and it has address: 7116 220Th St Sw, Mountlake Terrace, Wa, Washington, 98043. Link to Crystal Commerce Filing: 000149303816000002.
Analysis of Crystal Commerce Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Crystal Commerce sold 100.00% of the offering. Could this mean that the trust in Crystal Commerce is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 48.05% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different needs and reasons. The minimum investment for this offering 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 Crystal Commerce Also
The Form D signed by Dan McCarty might help Crystal Commerce, 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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