Today’s Form D Alert: Vusnapp $55000 Fundraising. Omar Hassan Submitted Nov 9 D Filing

Technology Vusnapp, Inc. - Omar Hassan

Vusnapp Financing

Vusnapp, Inc., Corporation just filed form D because of $55,000 equity financing. This is a new filing. Vusnapp, Inc. is expected to finance itself with $55,000 in this round of financing. The total offering amount was $55,000. The financing document was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $55,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Vusnapp is based in Alabama. The filler’s business is Other Technology. The form D was signed by Omar Hassan President and CEO. The company was incorporated in 2015. The filler’s address is: 10327 Ne 53Rd Street, Kirkland, Wa, Washington, 98033. Omar Hassan is the related person in the form and it has address: 10327 Ne 53Rd Street, Kirkland, Wa, Washington, 98033. Link to Vusnapp Filing: 000168934316000001.

Analysis of Vusnapp Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Vusnapp sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising was set at $10000. 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 Vusnapp Also

The Form D signed by Omar Hassan might help Vusnapp, 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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