Astro, Inc., Corporation just had published form D regarding $750,000 debt financing. This is a new filing. Astro was able to finance itself with $750,000. That is 100.00% of the offering. The total fundraising amount was $750,000. The fundraising form was filed on 2016-11-14. The reason for the financing was: unspecified.
Astro is based in New York. The firm’s business is Other Technology. The SEC form was filed by Shaun Springer President and CEO. The company was incorporated in 2014. The filler’s address is: 450 W. 33Rd St., 12Th Fl., New York, Ny, New York, 10001. Shaun Springer is the related person in the form and it has address: 450 W. 33Rd St. 12Th Fl., New York, Ny, New York, 10001. Link to Astro Filing: 000161090116000006.
Analysis of Astro Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Astro sold 100.00% of the offering. Could this mean that the trust in Astro is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 51.30% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this financing is set at $375000. 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 Astro Also
The Form D signed by Shaun Springer might help Astro, 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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