K4connect, Inc., Corporation just filed form D for $8.00 million equity financing. This is a new filing. K4connect was able to sell $8.00 million. That is 100.00% of the fundraising offer. The total private offering amount was $8.00 million. The financing document was filed on 2016-11-14. The reason for the financing was: Other than the payment of salaries and other compensation and benefits, no officer, director, or promoter will receive any payments from the proceeds of this offering..
K4connect is based in North Carolina. The filler’s business is Other Technology. The SEC form was submitted by F Scott Moody CEO. The company was incorporated in 2013. The filler’s address is: 5511 Capital Center Drive, Suite 350, Raleigh, Nc, North Carolina, 27606. F. Scott Moody is the related person in the form and it has address: 5511 Capital Center Drive, Suite 350, Raleigh, Nc, North Carolina, 27606. Link to K4connect Filing: 000165600216000002.
Analysis of K4connect Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. K4connect sold 100.00% of the offering. Could this mean that the trust in K4connect is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 419.48% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was 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 K4connect Also
The Form D signed by F Scott Moody might help K4connect, 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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