Form D On Watch: Secturion Systems $6.00 million Financing. Richard Takahashi Published Oct 28 SEC Form

Technology Secturion Systems, Inc. - Richard Takahashi

Secturion Systems Financing

Secturion Systems, Inc., Corporation just filed form D announcing $6.00 million equity financing. This is a new filing. Secturion Systems was able to sell $4.00 million so far. That is 66.67% of the round of financing. The total offering amount was $6.00 million. The financing form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Secturion Systems is based in Utah. The filler’s business is Other Technology. The form was submitted by Richard Takahashi President. The company was incorporated in 2012. The filler’s address is: 1755 E 1450 S, Suite 110, Clearfield, Ut, Utah, 84015. Richard Takahashi is the related person in the form and it has address: 1755 E 1450 South, Suite 110, Clearfield, Ut, Utah, 84015. Link to Secturion Systems Filing: 000168511516000001.

Analysis of Secturion Systems Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Secturion Systems sold 66.67% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 159.74% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, 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 Secturion Systems Also

The Form D signed by Richard Takahashi might help Secturion Systems, 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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