Blue Sphere Financing
Blue Sphere Corp., Corporation just released form D announcing $1.00 million debt financing. This is a new filing. Blue Sphere was able to finance itself with $1.00 million. That is 100.00% of the fundraising offer. The total offering amount was $1.00 million. The private financing document was filed on 2016-11-08. The reason for the financing was: Maxim Group, LLC receives 1% cash commission and 3.5% warrant coverage for company-generated investors. The estimated commission is the full cash commission assuming the full offering amount..
Blue Sphere is based in North Carolina. The firm’s business is Other Energy. The form was submitted by Ran Daniel Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 301 Mccullough Drive, 4Th Floor, Charlotte, Nc, North Carolina, 28262. Shlomi Palas is the related person in the form and it has address: 301 Mccullough Drive, 4Th Floor, Charlotte, Nc, North Carolina, 28262. Link to Blue Sphere Filing: 000141958216000003.
Analysis of Blue Sphere Offering
On average, firms in the Other Energy sector, sell 65.00% of the total offering size. Blue Sphere sold 100.00% of the offering. Could this mean that the trust in Blue Sphere is high? The average financing size for companies in the Other Energy industry is $1.11 million. The offering was 9.67% smaller than the average of $1.11 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Blue Sphere Also
The Form D signed by Ran Daniel might help Blue Sphere Corp.’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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