SEC Form D Coverage: Exfo $3.25 million Financing. Pierre Plamondon Released Nov 2 D form

Telecommunications Exfo Inc. - Pierre Plamondon

Exfo Financing

Exfo Inc., Corporation just had published form D announcing $3.25 million equity financing. This is a new filing. Exfo was able to finance itself with $3.25 million. That is 100.00% of the fundraising offer. The total fundraising amount was $3.25 million. The financing document was filed on 2016-11-02. The reason for the financing was: unspecified.

Exfo is based in Quebec – Canada. The company’s business is Telecommunications. The form D was signed by Pierre Plamondon VP, Finance & CFO. The company was incorporated more than five years ago. The filler’s address is: 400 Godin Avenue, Quebec City, A8, Quebec, Canada, G1m 2K2. Germain Lamonde is the related person in the form and it has address: 400 Godin Avenue, Quebec City, A8, Quebec, Canada, G1m 2K2. Link to Exfo Filing: 000111628416000071.

Analysis of Exfo Offering

On average, startups in the Telecommunications sector, sell 85.70% of the total offering amount. Exfo sold 100.00% of the offering. Could this mean that the trust in Exfo is high? The average financing size for companies in the Telecommunications industry is $125,000. The total amount raised is 2,500.00% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing is 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 Exfo Also

The Form D signed by Pierre Plamondon might help Exfo 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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