Taasera, Inc., Corporation just had published form D about $1.50 million debt financing. This is a new filing. Taasera was able to finance itself with $1.00 million so far. That is 66.98% of the fundraising offer. The total private financing amount was $1.50 million. The financing document was filed on 2016-11-08. The reason for the financing was: Ordinary course salaries and expense reimbursement.. The fundraising still has about $495,375 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Taasera is based in Pennsylvania. The filler’s business is Other Technology. The SEC form was submitted by David Brigati President. The company was incorporated in 2011. The filler’s address is: 1030 State Street, 3Rd Floor, Erie, Pa, Pennsylvania, 16501. David Brigati is the related person in the form and it has address: 1030 State Street, 3Rd Floor, Erie, Pa, Pennsylvania, 16501. Link to Taasera Filing: 000154413216000002.
Analysis of Taasera Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Taasera sold 66.98% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 34.76% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for different reasons and needs. The minimum investment for this offering 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 Taasera Also
The Form D signed by David Brigati might help Taasera, 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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