Form D Worth Mentioning Today: Wisr $1.00 million Financing. Kathryn J Volzer Released Nov 8 D Form

Technology Wisr, Inc. - Kathryn J Volzer

Wisr Financing

Wisr, Inc., Corporation just had published form D regarding $1.00 million debt financing. This is a new filing. Wisr was able to fundraise $500,000 so far. That is 50.00% of the fundraising. The total private offering amount was $1.00 million. The financing document was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wisr is based in Ohio. The filler’s business is Other Technology. The SEC form was signed by Kathryn J Volzer Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 19300 Detroit Road, Suite 204D, Rocky River, Oh, Ohio, 44116. Kathryn J Volzer is the related person in the form and it has address: 19300 Detroit Avenue, Suite 204D, Rocky River, Oh, Ohio, 44116. Link to Wisr Filing: 000168889616000001.

Analysis of Wisr Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Wisr sold 50.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. 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 Wisr Also

The Form D signed by Kathryn J Volzer might help Wisr, 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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