Gys Tech Financing
Gys Tech, Llc, Limited Liability Company just filed form D for $20.00 million equity financing. This is a new filing. Gys Tech was able to finance itself with $1.40 million so far. That is 7.00% of the offering. The total private offering amount was $20.00 million. The private financing document was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $18.60 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gys Tech is based in Massachusetts. The filler’s business is not disclosed. The SEC form was signed by Adeline Harris President & CEO of GYS Tech, LLC. The company was incorporated in 2015. The filler’s address is: Phoenix Park, 2 Shaker Road, F100, Shirley, Ma, Massachusetts, 01464. Adeline R. Harris is the related person in the form and it has address: 142 Picadilly Lane, Grass Valley, Ca, California, 95949. Link to Gys Tech Filing: 000110465916155870.
Analysis of Gys Tech Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Gys Tech sold 7.00% of the offering. The financing is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 54.10% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this financing is set at $100000. 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 Gys Tech Also
The Form D signed by Adeline Harris might help Gys Tech, 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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