Servato Corp., Corporation just had published form D about $2.00 million debt financing. This is a new filing. Servato was able to sell $1.50 million so far. That is 75.00% of the financing offer. The total fundraising amount was $2.00 million. The form was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Servato is based in Louisiana. The company’s business is Other Technology. The D form was signed by Ronald Lau CFO. The company was incorporated in 2014. The filler’s address is: 1441 Canal Street, Suite 221, New Orleans, La, Louisiana, 70112. Mark C Mangum is the related person in the form and it has address: 1441 Canal Street, Suite 221, New Orleans, La, Louisiana, 70112. Link to Servato Filing: 000160881616000002.
Analysis of Servato Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Servato sold 75.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 2.60% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is 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 Servato Also
The Form D signed by Ronald Lau might help Servato 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.
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.