Realtech Holdings Financing
Realtech Holdings Inc., Corporation just filed form D for $7.65 million equity financing. This is a new filing. Realtech Holdings was able to fundraise $6.67 million. That is 87.25% of the fundraising. The total offering amount was $7.65 million. The private financing document was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $975,002 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Realtech Holdings is based in New York. The filler’s business is Other Technology. The SEC form was signed by David Walker President. The company was incorporated in 2013. The filler’s address is: 1411 Broadway, Suite 1210, New York, Ny, New York, 10018. David Walker is the related person in the form and it has address: C/O Realtech Holdings Inc., 1411 Broadway, Suite 1210, New York, Ny, New York, 10018. Link to Realtech Holdings Filing: 000157718816000001.
Analysis of Realtech Holdings Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Realtech Holdings sold 87.25% of the offering. The financing is still open. Could this mean that the trust in Realtech Holdings is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 333.37% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Realtech Holdings Also
The Form D signed by David Walker might help Realtech Holdings 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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