Avadim Technologies Financing
Avadim Technologies Inc, Corporation just submitted form D about $575,896 equity financing. This is a new filing. Avadim Technologies was able to fundraise $575,896. That is 100.00% of the financing offer. The total private offering amount was $575,896. The form was filed on 2016-11-07. The reason for the financing was: Total Offering Amount represents the price of 135,505 shares @ $4.25 per share issued pursuant to a private placement..
Avadim Technologies is based in North Carolina. The firm’s business is not disclosed. The form D was signed by David Fann President. The company was incorporated in 2013. The filler’s address is: 81 Thompson Street, Asheville, Nc, North Carolina, 28803. David Fann is the related person in the form and it has address: 81 Thompson Street, Asheville, Nc, North Carolina, 28803. Link to Avadim Technologies Filing: 000118374016000461.
Analysis of Avadim Technologies Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Avadim Technologies sold 100.00% of the offering. Could this mean that the trust in Avadim Technologies is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 81.12% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising was 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 Avadim Technologies Also
The Form D signed by David Fann might help Avadim Technologies 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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