Lunar Station Financing
Lunar Station Corp, Corporation just had published form D because of $165,000 equity financing. This is a new filing. Lunar Station was able to sell $115,000 so far. That is 69.70% of the offering. The total financing amount was $165,000. The private financing document was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $50,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Lunar Station is based in Cambridge, MA. The filler’s business is Other Technology. The form D was filed by Blair DeWitt Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1 Broadway, Cambridge, Ma, Massachusetts, 02142. Blair Dewitt is the related person in the form and it has address: 1 Broadway, Cambridge, Ma, Massachusetts, 02142. Link to Lunar Station Filing: 000168912916000001.
Analysis of Lunar Station Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Lunar Station sold 69.70% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 92.53% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was set at $0. 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 Lunar Station Also
The Form D signed by Blair DeWitt might help Lunar Station Corp’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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.