Form D SEC Filing: Exactus $1.50 million Financing. Philip Young Filed Nov 1 SEC Form

Biotechnology Exactus, Inc. - Philip Young

Exactus Financing

Exactus, Inc., Corporation just filed form D for $1.50 million equity financing. This is a new filing. Exactus was able to fundraise $1.50 million. That is 100.00% of the financing round. The total financing amount was $1.50 million. The fundraising form was filed on 2016-11-01. The reason for the financing was: unspecified.

Exactus is based in Alabama. The company’s business is Biotechnology. The D form was submitted by Philip Young Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 4870 Sadler Rd, Suite 300, Glen Allen, Va, Virginia, 23060. Philip Young is the related person in the form and it has address: 4870 Sadler Road, Suite 300, Glen Allen, Va, Virginia, 23060. Link to Exactus Filing: 000141588916007321.

Analysis of Exactus Offering

On average, firms in the Biotechnology sector, sell 73.77% of the total offering amount. Exactus sold 100.00% of the offering. Could this mean that the trust in Exactus is high? The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The offering was 51.30% smaller than the average of $3.08 million. Of course this should not be seen as negative. Companies get financed for different needs and reasons. The minimum investment for this offering is 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 Exactus Also

The Form D signed by Philip Young might help Exactus, 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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