Form D Coverage: Revision Optics $45.00 million Fundraising. Louis Bunn Released Nov 9 SEC form

Technology Revision Optics Inc - Louis Bunn

Revision Optics Financing

Revision Optics Inc, Corporation just submitted form D regarding $45.00 million equity financing. This is a new filing. Revision Optics was able to finance itself with $31.97 million so far. That is 71.05% of the financing offer. The total financing amount was $45.00 million. The form was filed on 2016-11-09. The reason for the financing was: Series F Preferred Stock. The fundraising still has about $13.03 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Revision Optics is based in California. The firm’s business is Other Technology. The form D was signed by Louis Bunn Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 25651 Atlantic Ocean Dr, Suite A1, Lake Forest, Ca, California, 92630. John T. Kilcoyne is the related person in the form and it has address: 25651 Atlantic Ocean Drive, Suite A1, Lake Forest, Ca, California, 92630. Link to Revision Optics Filing: 000136561116000001.

Analysis of Revision Optics Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Revision Optics sold 71.05% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,976.21% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. 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 Revision Optics Also

The Form D signed by Louis Bunn might help Revision Optics 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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