Plutopian Corp, Corporation just had published form D about $1.50 million equity financing. This is a new filing. Plutopian was able to finance itself with $550,000 so far. That is 36.67% of the offering. The total offering amount was $1.50 million. This form was filed on 2016-11-10. The reason for the financing was: $35,000 Related Person interest on promissory notes issued in connection with earlier financing. $36,000 of interest on these notes will become due over each 12-month period thereafter. $75,000 in employment compensation.. The fundraising still has about $950,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Plutopian is based in Alabama. The firm’s business is not disclosed. The D form was signed by Samuel G Barton President. The company was incorporated more than five years ago. The filler’s address is: 4054 Chancery Court Nw, Washington, Dc, District Of Columbia, 20007. Samuel George Barton is the related person in the form and it has address: 4054 Chancery Ct., Nw, Washington, Dc, District Of Columbia, 20007. Link to Plutopian Filing: 000143752316000002.
Analysis of Plutopian Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Plutopian sold 36.67% 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 81.97% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different reasons and needs. The minimum investment for this financing was set at $50000. 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 Plutopian Also
The Form D signed by Samuel G Barton might help Plutopian Corp’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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