Pathao, Corporation just had published form D for $825,000 equity financing. This is a new filing. Pathao was able to finance itself with $825,000. That is 100.00% of the fundraising. The total private financing amount was $825,000. The form was filed on 2016-11-01. The reason for the financing was: No plans as of yet, but some amount likely to be used for this purpose.
Pathao is based in New York. The firm’s business is Business Services. The SEC form was signed by Habeeb Syed Attorney. The company was incorporated in 2016. The filler’s address is: 8 The Green, Ste A, Dover, De, Delaware, 19901. Efath Sharker is the related person in the form and it has address: 252036 Ave, Astoria, Ny, New York, 11106. Link to Pathao Filing: 000168278016000001.
Analysis of Pathao Offering
On average, companies in the Business Services sector, sell 69.04% of the total offering size. Pathao sold 100.00% of the offering. Could this mean that the trust in Pathao is high? The average investment size for companies in the Business Services industry is $583,000. The total amount raised is 41.51% bigger than the average for companies in the Business Services sector. The minimum investment for this offering is set at $1. 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 Pathao Also
The Form D signed by Habeeb Syed might help Pathao’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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