New Planet Technologies Financing
New Planet Technologies, Inc., Corporation just filed form D regarding $1.33 million equity financing. This is a new filing. New Planet Technologies was able to fundraise $789,679 so far. That is 59.37% of the round of financing. The total offering amount was $1.33 million. The offering form was filed on 2016-11-11. The reason for the financing was: unspecified. The fundraising still has about $540,321 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
New Planet Technologies is based in Colorado. The firm’s business is Other Technology. The form D was signed by Tyson J Hartshorn President/CEO. The company was incorporated more than five years ago. The filler’s address is: 3472 Research Pkwy, Suite 104 – #302, Colorado Springs, Co, Colorado, 80920. Tyson J. Hartshorn is the related person in the form and it has address: 3472 Research Pkwy, Suite 104 – #302, Colorado Springs, Co, Colorado, 80920. Link to New Planet Technologies Filing: 000147060816000001.
Analysis of New Planet Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. New Planet Technologies sold 59.37% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 48.72% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed for different needs and reasons. The minimum investment for this offering was set at $6500. 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 New Planet Technologies Also
The Form D signed by Tyson J Hartshorn might help New Planet Technologies, 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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