Umax Group Financing
Umax Group Corp., Corporation just filed form D regarding $5.00 million equity financing. This is a new filing. Umax Group was able to sell $225,000 so far. That is 4.50% of the financing offer. The total offering amount was $5.00 million. The financing document was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $4.78 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Umax Group is based in Nevada. The firm’s business is not disclosed. The form D was signed by IAN DIXON PRESIDENT / CEO. The company was incorporated more than five years ago. The filler’s address is: 2764 N Green Valley Parkway, Henderson, Nv, Nevada, 89014. Ian Dixon is the related person in the form and it has address: 2470 Green Valley Parkway, Henderson, Nv, Nevada, 89014. Link to Umax Group Filing: 000151770916000006.
Analysis of Umax Group Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Umax Group sold 4.50% 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 92.62% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this financing was set at $20000. 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 Umax Group Also
The Form D signed by IAN DIXON might help Umax Group 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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