Vixs Systems Financing
Vixs Systems Inc, Corporation just filed form D announcing $156,914 equity financing. This is a new filing. Vixs Systems was able to sell $156,914. That is 100.00% of the fundraising. The total private financing amount was $156,914. The financing form was filed on 2016-11-09. The reason for the financing was: An aggregate of $210,000 (Canadian) of units were sold in the offering. Canadian dollars were converted into US dollars at an exchange rate of $0.74721662 (US) per $1.00 (Canadian)..
Vixs Systems is based in Ontario – Canada. The filler’s business is Other Technology. The form D was filed by MICHAEL MICHALYSHYN EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL. The company was incorporated more than five years ago. The filler’s address is: 1210 Sheppard Avenue East, Suite 800, Toronto, A6, Ontario, Canada, M2k 1E3. Peter William Currie is the related person in the form and it has address: 1210 Sheppard Ave. E., Suite 800, Toronto, A6, Ontario, Canada, M2k 1E3. Link to Vixs Systems Filing: 000159140816000032.
Analysis of Vixs Systems Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Vixs Systems sold 100.00% of the offering. Could this mean that the trust in Vixs Systems is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 89.81% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Vixs Systems Also
The Form D signed by MICHAEL MICHALYSHYN might help Vixs Systems 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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