Dealflicks, Inc., Corporation just submitted form D about $1.00 million debt financing. This is a new filing. Dealflicks was able to finance itself with $505,000 so far. That is 50.50% of the financing offer. The total private offering amount was $1.00 million. The form was filed on 2016-10-21. The reason for the financing was: In addition to paying Finders’ Fees, Issuer issued a warrant to SI Securities, LLC to purchase up to 5% of the aggregate amount of securities sold in Issuer’s next equity financing.. The fundraising still has about $495,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dealflicks is based in New York. The company’s business is not disclosed. The D form was signed by Sean Wycliffe Chief Executive Officer. The company was incorporated in 2011. The filler’s address is: 1355 Market Street, #488, San Francisco, Ca, California, 94103. Sean Wycliffe is the related person in the form and it has address: 1355 Market Street, #488, San Francisco, Ca, California, 94103. Link to Dealflicks Filing: 000168613916000001.
Analysis of Dealflicks Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Dealflicks sold 50.50% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 83.44% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this financing 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 Dealflicks Also
The Form D signed by Sean Wycliffe might help Dealflicks, 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.