Zoom Telephonics Financing
Zoom Telephonics, Inc., Corporation just submitted form D because of $3.00 million equity financing. This is a new filing. Zoom Telephonics was able to sell $1.61 million so far. That is 53.67% of the financing offer. The total offering amount was $3.00 million. The offering form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $1.39 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Zoom Telephonics is based in Massachusetts. The firm’s business is not disclosed. The D form was submitted by Frank B Manning Chief Executive Officer and President. The company was incorporated more than five years ago. The filler’s address is: 99 High Street, 28Th Floor, Boston, Ma, Massachusetts, 02110. Frank B. Manning is the related person in the form and it has address: C/O Zoom Telephonics, Inc., 99 High Street, 28Th Floor, Boston, Ma, Massachusetts, 02110. Link to Zoom Telephonics Filing: 000165495416003582.
Analysis of Zoom Telephonics Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Zoom Telephonics sold 53.67% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 47.21% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. The minimum investment for this financing was 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 Zoom Telephonics Also
The Form D signed by Frank B Manning might help Zoom Telephonics, 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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