Form D Worth Mentioning: Cycloporters $1.60 million Fundraising. Louis A Tartaglia Released Nov 10 SEC Filing

Pharmaceuticals Cycloporters, Inc. - Louis A Tartaglia

Cycloporters Financing

Cycloporters, Inc., Corporation just filed form D about $1.60 million equity financing. This is a new filing. Cycloporters was able to fundraise $599,999 so far. That is 37.50% of the fundraising offer. The total private offering amount was $1.60 million. The form was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $999,999 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cycloporters is based in Massachusetts. The filler’s business is Pharmaceuticals. The D form was submitted by Louis A Tartaglia President. The company was incorporated in 2016. The filler’s address is: 28 State Street, Suite 2303, Boston, Ma, Massachusetts, 02109. Louis Tartaglia is the related person in the form and it has address: 28 State Street, Suite 2303, Boston, Ma, Massachusetts, 02109. Link to Cycloporters Filing: 000168937516000002.

Analysis of Cycloporters Offering

On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering size. Cycloporters sold 37.50% of the offering. The fundraising is still open. The average fundraising amount for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 7.91% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this fundraising is set at $0. 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 Cycloporters Also

The Form D signed by Louis A Tartaglia might help Cycloporters, 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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