Pranalytica Inc, Corporation just released form D announcing $224,662 equity financing. This is a new filing. Pranalytica was able to finance itself with $224,662. That is 100.00% of the offering. The total financing amount was $224,662. The form was filed on 2016-11-10. The reason for the financing was: Series B-2 Preferred Stock.
Pranalytica is based in California. The filler’s business is Other Technology. The SEC form was filed by Francis X McGuire Secretary. The company was incorporated more than five years ago. The filler’s address is: 1101 Colorado Ave, Santa Monia, Ca, California, 90401. C. Kumar Patel is the related person in the form and it has address: 1101 Colorado Ave, Santa Monica, Ca, California, 90401. Link to Pranalytica Filing: 000111149416000004.
Analysis of Pranalytica Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Pranalytica sold 100.00% of the offering. Could this mean that the trust in Pranalytica is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 85.41% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this offering 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 Pranalytica Also
The Form D signed by Francis X McGuire might help Pranalytica 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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