Follow The Form D: Nanosteel Company $10.00 million Fundraising. David Paratore Released Nov 14 SEC Filing

Nanosteel Company, Inc - David Paratore

Nanosteel Company Financing

Nanosteel Company, Inc, Corporation just released form D because of $10.00 million equity financing. This is a new filing. Nanosteel Company was able to finance itself with $2.50 million so far. That is 25.00% of the financing round. The total private financing amount was $10.00 million. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $7.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Nanosteel Company is based in Rhode Island. The firm’s business is not disclosed. The D form was signed by David Paratore President & CEO. The company was incorporated more than five years ago. The filler’s address is: 272 West Exchange Street, Suite 300, Providence, Ri, Rhode Island, 02903. David Paratore is the related person in the form and it has address: C/O The Nanosteel Company, Inc., 272 West Exchange Street, Suite 300, Providence, Ri, Rhode Island, 02903. Link to Nanosteel Company Filing: 000133969316000002.

Analysis of Nanosteel Company Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Nanosteel Company sold 25.00% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 18.03% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising was 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 Nanosteel Company Also

The Form D signed by David Paratore might help Nanosteel Company, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment