Form D: Cubeworks $1.00 million Financing. ZhiYoong Foo Released Nov 4 form D

Technology Cubeworks, Inc. - ZhiYoong Foo

Cubeworks Financing

Cubeworks, Inc., Corporation just submitted form D regarding $1.00 million debt financing. This is a new filing. Cubeworks was able to finance itself with $200,000 so far. That is 20.00% of the fundraising offer. The total fundraising amount was $1.00 million. The fundraising form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $800,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cubeworks is based in Alabama. The company’s business is Other Technology. The form was filed by ZhiYoong Foo Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 1600 Huron Parkway, Ofc 520-2364, Ann Arbor, Mi, Michigan, 48109-5001. Zhiyoong Foo is the related person in the form and it has address: 1600 Huron Parkway, Ofc 520-2364, Ann Arbor, Mi, Michigan, 48109-5001. Link to Cubeworks Filing: 000168934116000001.

Analysis of Cubeworks Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Cubeworks sold 20.00% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $200000. 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 Cubeworks Also

The Form D signed by ZhiYoong Foo might help Cubeworks, 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.

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.

Related posts

Leave a Comment