Form D Worth Mentioning Today: Orbital Shift $1.25 million Fundraising. Kevin OReilly Filed Oct 28 Filing

Technology Orbital Shift, Inc. - Kevin OReilly

Orbital Shift Financing

Orbital Shift, Inc., Corporation just filed form D regarding $1.25 million equity financing. This is a new filing. Orbital Shift was able to sell $512,500 so far. That is 41.00% of the round of financing. The total financing amount was $1.25 million. The offering form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $737,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Orbital Shift is based in Montana. The firm’s business is Other Technology. The SEC form was submitted by Kevin OReilly Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 2501 S. Catlin St. #209, Missoula, Mt, Montana, 59801. Kevin O’reilly is the related person in the form and it has address: 2501 S. Catlin St. #209, Missoula, Mt, Montana, 59801. Link to Orbital Shift Filing: 000168883316000002.

Analysis of Orbital Shift Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Orbital Shift sold 41.00% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 66.72% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising 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 Orbital Shift Also

The Form D signed by Kevin OReilly might help Orbital Shift, 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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