Best Agent Today Financing
Best Agent Today, Inc., Corporation just released form D announcing $3.00 million equity financing. This is a new filing. Best Agent Today, Inc. is expected to sell $3.00 million in this financing round. The total financing amount was $3.00 million. The private financing document was filed on 2016-10-28. The reason for the financing was: The issuer is conducting a private placement of $2,000,000 in Series A Convertible Preferred Stock with a 50% over-allotment, which equates to an additional $1,000,000 shares of Series A Convertible Preferred Stock, for an aggregate total of $3,000,000.. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Best Agent Today is based in Illinois. The filler’s business is Other Technology. The SEC form was submitted by Richard Rubino President & CEO. The company was incorporated in 2014. The filler’s address is: 195 High Street, Ipswich, Ma, Massachusetts, 01938. Richard Rubino is the related person in the form and it has address: 195 High Street, Ipswich, Ma, Massachusetts, 01938. Link to Best Agent Today Filing: 000168796716000001.
Analysis of Best Agent Today Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Best Agent Today sold 0.00% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was set at $25000. 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 Best Agent Today Also
The Form D signed by Richard Rubino might help Best Agent Today, 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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