Aeye, Inc., Corporation just released form D announcing $18.75 million equity financing. This is a new filing. Aeye was able to sell $14.75 million so far. That is 78.66% of the fundraising. The total private financing amount was $18.75 million. The financing document was filed on 2016-11-14. The reason for the financing was: Ransom Wuller entered into a $100,000 promissory note with the Issuer on or about October 25, 2016, that is repayable upon the date of first sale of the Offering.. The fundraising still has about $4.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Aeye is based in California. The company’s business is not disclosed. The form was filed by Ransom P Wuller President. The company was incorporated in 2013. The filler’s address is: 4464 Willow Road, Suite 103, Pleasanton, Ca, California, 94588. Ransom P. Wuller is the related person in the form and it has address: 4464 Willow Road, Suite 103, Pleasanton, Ca, California, 94588. Link to Aeye Filing: 000159082516000003.
Analysis of Aeye Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Aeye sold 78.66% of the offering. The fundraising is still open. Could this mean that the trust in Aeye is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 383.54% bigger than the average for companies in the database. The minimum investment for this financing 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 Aeye Also
The Form D signed by Ransom P Wuller might help Aeye, 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.