Form D to Follow: Wrkr Solutions Inc. $2.54 million Financing. Michael Scheuer Filed Nov 11 D form

Technology Wrkr Solutions, Inc. - Michael Scheuer

Wrkr Solutions Inc. Financing

Wrkr Solutions, Inc., Corporation just released form D regarding $2.54 million equity financing. This is a new filing. Wrkr Solutions Inc. was able to finance itself with $1.41 million so far. That is 55.52% of the round of financing. The total financing amount was $2.54 million. The financing form was filed on 2016-11-11. The reason for the financing was: unspecified. The fundraising still has about $1.13 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wrkr Solutions Inc. is based in California. The filler’s business is Other Technology. The D form was submitted by Michael Scheuer President and Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 2601 Hyde Street, San Francisco, Ca, California, 94109. Michael Scheuer is the related person in the form and it has address: 2601 Hyde Street, San Francisco, Ca, California, 94109. Link to Wrkr Solutions Inc. Filing: 000168859916000002.

Analysis of Wrkr Solutions Inc. Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Wrkr Solutions Inc. sold 55.52% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 8.42% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this offering 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 Wrkr Solutions Inc. Also

The Form D signed by Michael Scheuer might help Wrkr Solutions, 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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