Form D Worth Watching: 2C Tech $6.00 million Financing. Irving R Armstrong Released Oct 28 Form D

Health Care 2C Tech Corp - Irving R Armstrong

2C Tech Financing

2C Tech Corp, Corporation just had published form D for $6.00 million equity financing. This is a new filing. 2C Tech was able to fundraise $4.00 million so far. That is 66.67% of the fundraising offer. The total financing amount was $6.00 million. The private financing document was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

2C Tech is based in California. The firm’s business is Other Health Care. The SEC form was filed by Irving R Armstrong Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 6 Jenner, Suite 230, Irvine, Ca, California, 92618. James Taylor is the related person in the form and it has address: 6 Jenner, Suite 230, Irvine, Ca, California, 92618. Link to 2C Tech Filing: 000144579516000003.

Analysis of 2C Tech Offering

On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. 2C Tech sold 66.67% of the offering. The fundraising is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 244.83% bigger than the average for companies in the Other Health Care sector. 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 2C Tech Also

The Form D signed by Irving R Armstrong might help 2C Tech 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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