Actx, Inc., Corporation just released form D for $2.35 million equity financing. This is a new filing. Actx was able to sell $1.90 million. That is 80.88% of the round of financing. The total private offering amount was $2.35 million. The offering form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $449,354 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Actx is based in Washington. The firm’s business is Other Health Care. The form was submitted by Andrew Ury Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1100 Dexter Avenue North, Suite 100, Seattle, Wa, Washington, 98109. Andrew Ury is the related person in the form and it has address: 1100 Dexter Avenue North, Suite 100, Seattle, Wa, Washington, 98109. Link to Actx Filing: 000159210216000002.
Analysis of Actx Offering
On average, companies in the Other Health Care sector, sell 68.60% of the total offering amount. Actx sold 80.88% of the offering. The fundraising is still open. Could this mean that the trust in Actx is high? The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The total amount raised is 63.85% bigger than the average for companies in the Other Health Care 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 Actx Also
The Form D signed by Andrew Ury might help Actx, 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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