Pristine, Inc., Corporation just filed form D announcing $2.02 million equity financing. This is a new filing. Pristine was able to finance itself with $1.28 million so far. That is 63.54% of the fundraising. The total private offering amount was $2.02 million. This form was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $736,490 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pristine is based in Texas. The company’s business is Other Technology. The form D was signed by Lori Lowe Chief Financial Officer. The company was incorporated in 2014. The filler’s address is: 206 E 9Th Street, #1504, Austin, Tx, Texas, 78701. Peter Evans is the related person in the form and it has address: 206 E 9Th Street, #1504, Austin, Tx, Texas, 78701. Link to Pristine Filing: 000162022216000004.
Analysis of Pristine Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Pristine sold 63.54% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 16.66% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing 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 Pristine Also
The Form D signed by Lori Lowe might help Pristine, 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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