Pt Motion Works Financing
Pt Motion Works, Inc., Corporation just released form D because of $5.00 million equity financing. This is a new filing. Pt Motion Works, Inc. is expected to finance itself with $5.00 million in this round of financing. The total private offering amount was $5.00 million. The offering form was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pt Motion Works is based in California. The firm’s business is not disclosed. The form was signed by Bryan Pate PRESDIENT. The company was incorporated more than five years ago. The filler’s address is: 740 E. Solana Circle, Solana Beach, Ca, California, 92075. Bryan Pate is the related person in the form and it has address: C/O Pt Motion Works, Inc., 740 E Solana Circle, Solana Beach, Ca, California, 92075. Link to Pt Motion Works Filing: 000147826316000001.
Analysis of Pt Motion Works Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Pt Motion Works sold 0.00% 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 100.00% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for different reasons and needs. The minimum investment for this fundraising is 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 Pt Motion Works Also
The Form D signed by Bryan Pate might help Pt Motion Works, 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.