Ebth, Inc., Corporation just released form D regarding $41.50 million equity financing. This is a new filing. Ebth was able to finance itself with $41.50 million. That is 100.00% of the fundraising offer. The total offering amount was $41.50 million. The financing document was filed on 2016-11-02. The reason for the financing was: unspecified.
Ebth is based in Ohio. The filler’s business is Other Technology. The SEC form was signed by Michael J Reynolds Chief Operating Officer. The company was incorporated in 2012. The filler’s address is: 4650 Wilmer Avenue, Cincinnati, Oh, Ohio, 45226. Michael J. Reynolds is the related person in the form and it has address: 4650 Wilmer Avenue, Cincinnati, Oh, Ohio, 45226. Link to Ebth Filing: 000165134616000002.
Analysis of Ebth Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Ebth sold 100.00% of the offering. Could this mean that the trust in Ebth is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,594.81% bigger than the average for companies in the Other Technology sector. 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 Ebth Also
The Form D signed by Michael J Reynolds might help Ebth, 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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