Noteworthy Form D Filing: Atomic Corporate Industries $1.10 million Financing. Michael Shinn Submitted Nov 14 D form

Technology Atomic Corporate Industries, Inc. - Michael Shinn

Atomic Corporate Industries Financing

Atomic Corporate Industries, Inc., Corporation just filed form D regarding $1.10 million equity financing. This is a new filing. Atomic Corporate Industries was able to sell $921,997. That is 83.82% of the offering. The total offering amount was $1.10 million. The form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $177,995 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Atomic Corporate Industries is based in Virginia. The firm’s business is Other Technology. The SEC form was filed by Michael Shinn Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 14121 Parke Long Court, Suite 220, Chantilly, Va, Virginia, 20151. Michael Shinn is the related person in the form and it has address: C/O Atomic Corporate Industries, Inc., 14121 Parke Long Court, Suite 220, Chantilly, Va, Virginia, 20151. Link to Atomic Corporate Industries Filing: 000168945316000001.

Analysis of Atomic Corporate Industries Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Atomic Corporate Industries sold 83.82% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 40.13% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different reasons and needs. 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 Atomic Corporate Industries Also

The Form D signed by Michael Shinn might help Atomic Corporate Industries, 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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