Piao Inc, Corporation just filed form D because of $30,000 equity financing. This is a new filing. Piao was able to sell $5,000 so far. That is 16.67% of the financing round. The total financing amount was $30,000. The financing document was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $25,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Piao is based in New York. The firm’s business is Retailing. The form was submitted by John Katt President. The company was incorporated in 2016. The filler’s address is: 174 W 141St St, 4F, New York, Ny, New York, 10030. John Katt is the related person in the form and it has address: 174 W 141St St, 4F, New York, Ny, New York, 10030. Link to Piao Filing: 000168844216000001.
Analysis of Piao Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. Piao sold 16.67% of the offering. The fundraising is still open. The average offering amount for companies in the Retailing industry is $45,600. The offering was 89.04% smaller than the average of $45,600. Of course this should not be interpreted as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this fundraising was set at $2125. 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 Piao Also
The Form D signed by John Katt might help Piao 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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