Precision Nanosystems Financing
Precision Nanosystems Inc., Corporation just filed form D because of $13.40 million equity financing. The date of first sale was 2015-09-22. Precision Nanosystems was able to finance itself with $13.40 million. That is 100.00% of the offering. The total offering amount was $13.40 million. The fundraising form was filed on 2016-11-03. The reason for the financing was: unspecified.
Precision Nanosystems is based in British Columbia – Canada. The company’s business is Biotechnology. The SEC form was submitted by R James Taylor Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 50 – 655 West Kent Avenue, Vancouver, A1, British Columbia, Canada, V6p 6T7. R. James Taylor is the related person in the form and it has address: 50 – 655 West Kent Avenue, Vancouver, A1, British Columbia, Canada, V6p 6T7. Link to Precision Nanosystems Filing: 000114036116084754.
Analysis of Precision Nanosystems Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Precision Nanosystems sold 100.00% of the offering. Could this mean that the trust in Precision Nanosystems is high? The average investment offering size for companies in the Biotechnology industry is $3.08 million. The total amount raised is 335.15% bigger than the average for companies in the Biotechnology sector. The minimum investment for this offering was 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 Precision Nanosystems Also
The Form D signed by R James Taylor might help Precision Nanosystems 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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