Dynepic, Inc., Corporation just had published form D about $500,000 equity financing. The date of first sale was 2016-09-07. Dynepic was able to finance itself with $470,500. That is 94.10% of the fundraising offer. The total private offering amount was $500,000. The form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $29,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dynepic is based in South Carolina. The company’s business is Other Technology. The form was filed by Krissa Watry President. The company was incorporated in 2014. The filler’s address is: 849 Hale St, Charleston, Sc, South Carolina, 29412. David Wyman is the related person in the form and it has address: 331 Cooper River Dr, Mt. Pleasant, Sc, South Carolina, 29464. Link to Dynepic Filing: 000162449916000004.
Analysis of Dynepic Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Dynepic sold 94.10% of the offering. The financing is still open. Could this mean that the trust in Dynepic is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 69.45% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. The minimum investment for this fundraising was set at $1000. 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 Dynepic Also
The Form D signed by Krissa Watry might help Dynepic, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.