Form D Action: Adlumin $300000 Fundraising. Robert S Johnston Filed Oct 28 SEC Form

Technology Adlumin, Inc. - Robert S Johnston

Adlumin Financing

Adlumin, Inc., Corporation just released form D regarding $300,000 equity financing. This is a new filing. Adlumin was able to sell $300,000. That is 100.00% of the financing offer. The total fundraising amount was $300,000. The financing form was filed on 2016-10-28. The reason for the financing was: unspecified.

Adlumin is based in Alabama. The company’s business is Other Technology. The SEC form was filed by Robert S Johnston President. The company was incorporated in 2016. The filler’s address is: 1109 Beverley Drive, Alexandria, Va, Virginia, 22302. Robert S. Jonhston is the related person in the form and it has address: 1109 Beverley Drive, Alexandria, Va, Virginia, 22302. Link to Adlumin Filing: 000168872116000001.

Analysis of Adlumin Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Adlumin sold 100.00% of the offering. Could this mean that the trust in Adlumin is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 80.52% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for different reasons and needs. The minimum investment for this fundraising is 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 Adlumin Also

The Form D signed by Robert S Johnston might help Adlumin, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment