Eton Technologies Financing
Eton Technologies, L.P., Limited Partnership just released form D announcing $1.50 million equity financing. This is a new filing. Eton Technologies was able to fundraise $1.20 million. That is 80.00% of the financing offer. The total offering amount was $1.50 million. The form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Eton Technologies is based in North Carolina. The company’s business is Other Technology. The D form was signed by Robert E Mallernee Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 5915 Farrington Road, Suite 201, Chapel Hill, Nc, North Carolina, 27517. Eton Technologies Gp, Llc is the related person in the form and it has address: 5915 Farrington Road, Suite 201, Chapel Hill, Nc, North Carolina, 27517. Link to Eton Technologies Filing: 000146137316000119.
Analysis of Eton Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Eton Technologies sold 80.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 22.08% 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 fundraising was 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 Eton Technologies Also
The Form D signed by Robert E Mallernee might help Eton Technologies, L.P.’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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