Glint Inc., Corporation just had published form D announcing $10.00 million equity financing. This is a new filing. Glint was able to fundraise $10.00 million. That is 100.00% of the fundraising offer. The total private financing amount was $10.00 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified.
Glint is based in California. The filler’s business is Business Services. The SEC form was signed by Dennis Jang Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1100 Island Drive, Suite 101, Redwood City, Ca, California, 94065. James J. Barnett is the related person in the form and it has address: 1100 Island Drive, Suite 101, Redwood City, Ca, California, 94065. Link to Glint Filing: 000164041516000004.
Analysis of Glint Offering
On average, firms in the Business Services sector, sell 69.04% of the total offering size. Glint sold 100.00% of the offering. Could this mean that the trust in Glint is high? The average fundraising amount for companies in the Business Services industry is $583,000. The total amount raised is 1,615.27% bigger than the average for companies in the Business Services sector. The minimum investment for this financing 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 Glint Also
The Form D signed by Dennis Jang might help Glint 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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