Convalo Health International Financing
Convalo Health International, Corp., Corporation just submitted form D about $346,079 equity financing. This is a new filing. Convalo Health International was able to fundraise $346,079. That is 100.00% of the financing round. The total private offering amount was $346,079. This form was filed on 2016-11-04. The reason for the financing was: 13(a) represents the price of the shares ( 4,350,000 shares x C$0.105), converted to US$ based on the exchange rate on the date of closing, October 20, 2016 of C$1.00=US$0.7577..
Convalo Health International is based in California. The company’s business is Other Health Care. The form D was submitted by David Costine Chairman. The company was incorporated in 2013. The filler’s address is: 448 S. Hill Street, Suite 301/303, Los Angeles, Ca, California, 90013. David Costine is the related person in the form and it has address: 448 S. Hill Street, Suite 301/303, Los Angeles, Ca, California, 90013. Link to Convalo Health International Filing: 000118374016000456.
Analysis of Convalo Health International Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Convalo Health International sold 100.00% of the offering. Could this mean that the trust in Convalo Health International is high? The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 70.17% smaller than the average of $1.16 million. Of course this should not be taken as negative. Companies raise funds for different reasons and needs. The minimum investment for this offering is 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 Convalo Health International Also
The Form D signed by David Costine might help Convalo Health International, 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.
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