Sinnovatek, Inc., Corporation just filed form D because of $99,997 equity financing. This is a new filing. Sinnovatek was able to finance itself with $99,997. That is 100.00% of the fundraising offer. The total fundraising amount was $99,997. The financing form was filed on 2016-11-07. The reason for the financing was: unspecified.
Sinnovatek is based in North Carolina. The filler’s business is Other Technology. The form was signed by Jesse Jones Attorney in Fact. The company was incorporated in 2016. The filler’s address is: 2609 Discovery Drive, Suite 115, Raleigh, Nc, North Carolina, 27616. Michael Druga is the related person in the form and it has address: 2609 Discovery Drive, Suite 115, Raleigh, Nc, North Carolina, 27616. Link to Sinnovatek Filing: 000168912216000002.
Analysis of Sinnovatek Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Sinnovatek sold 100.00% of the offering. Could this mean that the trust in Sinnovatek is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Sinnovatek Also
The Form D signed by Jesse Jones might help Sinnovatek, 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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