Rewards21, Inc., Corporation just had published form D announcing $1.33 million equity financing. This is a new filing. Rewards21, Inc. is expected to finance itself with $1.33 million in this fundraising. The total fundraising amount was $1.33 million. The form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $1.33 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Rewards21 is based in Alabama. The company’s business is not disclosed. The form was signed by Cary Chessick Chief Executive Officer of Issuer. The company was incorporated in 2015. The filler’s address is: 915 W. Kingsley, Arlington Heights, Il, Illinois, 60004. Cary Chessick is the related person in the form and it has address: 915 W. Kingsley, Arlington Heights, Il, Illinois, 60004. Link to Rewards21 Filing: 000167548916000002.
Analysis of Rewards21 Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Rewards21 sold 0.00% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising was set at $25000. 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 Rewards21 Also
The Form D signed by Cary Chessick might help Rewards21, 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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