Today’s Form D Alert: Zynbit.Com $500000 Fundraising. A Heath Tripp Submitted Nov 14 Filing

Technology Zynbit.Com, Inc. - A Heath Tripp

Zynbit.Com Financing

Zynbit.Com, Inc., Corporation just filed form D because of $500,000 debt financing. This is a new filing. Zynbit.Com was able to fundraise $165,000 so far. That is 33.00% of the offering. The total private financing amount was $500,000. The financing document was filed on 2016-11-14. The reason for the financing was: Excluding salaries paid in the ordinary course of business.. The fundraising still has about $335,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Zynbit.Com is based in North Carolina. The filler’s business is Other Technology. The D form was filed by A Heath Tripp Attorney-in-Fact. The company was incorporated in 2015. The filler’s address is: 80 Guardian Court, Suite 119, Rocky Mount, Nc, North Carolina, 27804. Philip Lafayette Dixon, Iv is the related person in the form and it has address: 80 Guardian Court, Suite 119, Rocky Mount, Nc, North Carolina, 27804. Link to Zynbit.Com Filing: 000167346316000001.

Analysis of Zynbit.Com Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Zynbit.Com sold 33.00% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 89.29% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this fundraising 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 Zynbit.Com Also

The Form D signed by A Heath Tripp might help Zynbit.Com, 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.

Related posts

Leave a Comment