Advantage Lithium Financing
Advantage Lithium Corp., Corporation just submitted form D announcing $6.25 million equity financing. This is a new filing. Advantage Lithium was able to finance itself with $756,763 so far. That is 12.11% of the round of financing. The total offering amount was $6.25 million. The financing form was filed on 2016-10-28. The reason for the financing was: All amounts shown are based on exchange rate for Canadian dollars into United States dollars as of October 20, 2016.. The fundraising still has about $5.49 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Advantage Lithium is based in British Columbia – Canada. The company’s business is not disclosed. The D form was filed by Nick DeMare Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1090 West Georgia Street, Suite 1305, Vancouver, A1, British Columbia, Canada, V6e 3V7. David Sidoo is the related person in the form and it has address: 1090 West Georgia Street, Suite 1305, Vancouver, A1, British Columbia, Canada, V6e 3V7. Link to Advantage Lithium Filing: 000094935316000131.
Analysis of Advantage Lithium Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Advantage Lithium sold 12.11% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 75.19% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering is set at $0. If you know more about the reasons for the financing, 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 Advantage Lithium Also
The Form D signed by Nick DeMare might help Advantage Lithium 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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