Impossible Objects Financing
Impossible Objects, Llc, Limited Liability Company just filed form D for $1.73 million equity financing. This is a new filing. Impossible Objects was able to finance itself with $1.73 million. That is 100.00% of the fundraising. The total fundraising amount was $1.73 million. The fundraising form was filed on 2016-11-08. The reason for the financing was: unspecified.
Impossible Objects is based in Illinois. The filler’s business is not disclosed. The D form was signed by Darren Green Legal counsel. The company was incorporated more than five years ago. The filler’s address is: 3455 Commercial Drive, Northbrook, Il, Illinois, 60062. Robert Swartz is the related person in the form and it has address: 3455 Commercial Avenue, Northbrook, Il, Illinois, 60062. Link to Impossible Objects Filing: 000162707216000002.
Analysis of Impossible Objects Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Impossible Objects sold 100.00% of the offering. Could this mean that the trust in Impossible Objects is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 43.31% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this fundraising is set at $14900. 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 Impossible Objects Also
The Form D signed by Darren Green might help Impossible Objects, Llc’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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