Form D On Watch: Oxx $200000 Financing. Jim Doan Filed Nov 15 Form D

Oxx Inc. - Jim Doan

Oxx Financing

Oxx Inc., Corporation just released form D for $200,000 debt financing. This is a new filing. Oxx was able to sell $200,000. That is 100.00% of the financing round. The total private offering amount was $200,000. The form was filed on 2016-11-15. The reason for the financing was: unspecified.

Oxx is based in Michigan. The filler’s business is not disclosed. The D form was submitted by Jim Doan President, CEO. The company was incorporated in 2015. The filler’s address is: 40 Pearl Street Nw #200, Grand Rapids, Mi, Michigan, 49503. Jim Doan is the related person in the form and it has address: 40 Pearl Street Nw #200, Grand Rapids, Mi, Michigan, 49503. Link to Oxx Filing: 000168917116000001.

Analysis of Oxx Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Oxx sold 100.00% of the offering. Could this mean that the trust in Oxx is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 93.44% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this offering was set at $100000. 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 Oxx Also

The Form D signed by Jim Doan might help Oxx 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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