Hydraforce, Inc., Corporation just had published form D regarding $2.95 million equity financing. This is a new filing. Hydraforce was able to finance itself with $2.95 million. That is 100.00% of the round of financing. The total offering amount was $2.95 million. The private financing document was filed on 2016-11-02. The reason for the financing was: This was an offering by the issuer which is an S corporation to two directors, one shareholder and six key executives based on an appraisal value all consummated on December 31, 2014.
Hydraforce is based in Illinois. The filler’s business is Manufacturing. The form was signed by Terry D Anderson Outside Counsel & Power of Attorney. The company was incorporated more than five years ago. The filler’s address is: 500 Barclay Blvd, Lincolnshire, Il, Illinois, 60069. James M Brizzolara is the related person in the form and it has address: 500 Barclay Blvd, Lincolnshire, Il, Illinois, 60069. Link to Hydraforce Filing: 000168908916000001.
Analysis of Hydraforce Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering size. Hydraforce sold 100.00% of the offering. Could this mean that the trust in Hydraforce is high? The average investment size for companies in the Manufacturing industry is $763,000. The total amount raised is 285.98% bigger than the average for companies in the Manufacturing sector. The minimum investment for this offering was set at $210400. 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 Hydraforce Also
The Form D signed by Terry D Anderson might help Hydraforce, 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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