Perq, Llc, Limited Liability Company just had published form D because of $1.75 million equity financing. This is a new filing. Perq was able to sell $1.73 million. That is 98.91% of the round of financing. The total offering amount was $1.75 million. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $19,033 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Perq is based in Indiana. The company’s business is Other Technology. The SEC form was submitted by J Andy Medley President. The company was incorporated more than five years ago. The filler’s address is: 7225 Georgetown Rd., Indianapolis, In, Indiana, 46268. J. Andy Medley is the related person in the form and it has address: 7225 Georgetown Rd., Indianapolis, In, Indiana, 46268. Link to Perq Filing: 000168945816000001.
Analysis of Perq Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Perq sold 98.91% of the offering. The financing is still open. Could this mean that the trust in Perq is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 12.40% bigger than the average for companies in the Other Technology 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 Perq Also
The Form D signed by J Andy Medley might help Perq, Llc’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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