Deep Cell Industries Financing
Deep Cell Industries Inc., Corporation just had published form D because of $1.25 million equity financing. This is a new filing. Deep Cell Industries was able to fundraise $25,000 so far. That is 2.00% of the fundraising. The total fundraising amount was $1.25 million. The form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $1.23 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Deep Cell Industries is based in Washington. The company’s business is not disclosed. The form D was filed by Kelly Ogilvie Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 111 S. Jackson St., Seattle, Wa, Washington, 98104. Gary Bonilla is the related person in the form and it has address: 111 S. Jackson St., Seattle, Wa, Washington, 98104. Link to Deep Cell Industries Filing: 000165814416000005.
Analysis of Deep Cell Industries Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Deep Cell Industries sold 2.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 99.18% 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 was 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 Deep Cell Industries Also
The Form D signed by Kelly Ogilvie might help Deep Cell Industries 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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