Today’s Form D Alert: Luckywork $150000 Financing. Stephen Danilian Submitted Oct 19 SEC form

Computers Luckywork, Inc. - Stephen Danilian

Luckywork Financing

Luckywork, Inc., Corporation just filed form D for $150,000 debt financing. This is a new filing. Luckywork was able to finance itself with $20,000 so far. That is 13.33% of the round of financing. The total private financing amount was $150,000. The fundraising form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $130,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Luckywork is based in Alabama. The firm’s business is Computers. The SEC form was submitted by Stephen Danilian President. The company was incorporated more than five years ago. The filler’s address is: 6346 Lindenhurst Ave, Los Angeles, Ca, California, 90048. Stephen Danelian is the related person in the form and it has address: 6346 Lindenhurst Ave, Los Angeles, Ca, California, 90048. Link to Luckywork Filing: 000168725616000001.

Analysis of Luckywork Offering

On average, companies in the Computers sector, sell 85.30% of the total offering amount. Luckywork sold 13.33% of the offering. The financing is still open. The average investment floor size for companies in the Computers industry is $130,000. The offering was 84.62% smaller than the average of $130,000. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $10000. 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 Luckywork Also

The Form D signed by Stephen Danilian might help Luckywork, 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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