Blackboxstocks Inc., Corporation just submitted form D announcing $1.50 million equity financing. This is a new filing. Blackboxstocks was able to sell $1.50 million. That is 100.00% of the round of financing. The total financing amount was $1.50 million. This form was filed on 2016-11-01. The reason for the financing was: unspecified.
Blackboxstocks is based in Alabama. The company’s business is Other Technology. The D form was signed by Gust C Kepler CEO and President of the Issuer. The company was incorporated in 2011. The filler’s address is: 5430 Lbj Freeway, Suite 1485, Dallas, Tx, Texas, 75240. Gust C. Kepler is the related person in the form and it has address: 5430 Lbj Freeway, Suite 1485, Dallas, Tx, Texas, 75240. Link to Blackboxstocks Filing: 000101054916000762.
Analysis of Blackboxstocks Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Blackboxstocks sold 100.00% of the offering. Could this mean that the trust in Blackboxstocks is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 2.60% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this financing is set at $1500000. 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 Blackboxstocks Also
The Form D signed by Gust C Kepler might help Blackboxstocks 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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