Vox Mobile Financing
Vox Mobile, Inc., Corporation just filed form D about $493,642 equity financing. This is a new filing. Vox Mobile was able to sell $493,642. That is 100.00% of the offering. The total financing amount was $493,642. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified.
Vox Mobile is based in Ohio. The filler’s business is Telecommunications. The SEC form was signed by GERALD HETRICK CHIEF OPERATING OFFICER. The company was incorporated more than five years ago. The filler’s address is: 6100 Rockside Woods Blvd, Suite 100, Independence, Oh, Ohio, 44131. Kris Snyder is the related person in the form and it has address: 6100 Rockside Woods Blvd., Suite 100, Independence, Oh, Ohio, 44131. Link to Vox Mobile Filing: 000155098816000003.
Analysis of Vox Mobile Offering
On average, firms in the Telecommunications sector, sell 85.70% of the total offering size. Vox Mobile sold 100.00% of the offering. Could this mean that the trust in Vox Mobile is high? The average offering size for companies in the Telecommunications industry is $125,000. The total amount raised is 294.91% bigger than the average for companies in the Telecommunications sector. 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 Vox Mobile Also
The Form D signed by GERALD HETRICK might help Vox Mobile, 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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