Clean Diesel Technologies Financing
Clean Diesel Technologies Inc, Corporation just released form D because of $10.34 million equity financing. This is a new filing. Clean Diesel Technologies was able to fundraise $1.90 million so far. That is 18.37% of the fundraising offer. The total private financing amount was $10.34 million. This form was filed on 2016-11-14. The reason for the financing was: The second closing of the Offering for gross proceeds of $8,444,580 is contemplated to occur following the effectiveness of the written consent of the Company?s majority stockholder in accordance with the Nasdaq Marketplace Rules.. The fundraising still has about $8.44 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clean Diesel Technologies is based in California. The company’s business is not disclosed. The SEC form was filed by Matthew Beale Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1621 Fiske Place, Oxnard, Ca, California, 93033. Matthew Beale is the related person in the form and it has address: 1621 Fiske Place, Oxnard, Ca, California, 93033. Link to Clean Diesel Technologies Filing: 000094942816000003.
Analysis of Clean Diesel Technologies Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Clean Diesel Technologies sold 18.37% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 37.71% 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 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 Clean Diesel Technologies Also
The Form D signed by Matthew Beale might help Clean Diesel 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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