Reign Sapphire Financing
Reign Sapphire Corp, Corporation just released form D about $1.00 million equity and debt financing. The date of first sale was 2015-12-23. Reign Sapphire was able to finance itself with $1.00 million. That is 100.00% of the financing offer. The total private offering amount was $1.00 million. The private financing document was filed on 2016-11-15. The reason for the financing was: unspecified.
Reign Sapphire is based in California. The company’s business is Retailing. The form was signed by Joseph Segelman Chief Executive Officer and President. The company was incorporated in 2014. The filler’s address is: 9190 W Olympic Blvd # 263, Beverly Hills, Ca, California, 90212. Joseph Segelman is the related person in the form and it has address: 9190 West Olympic Boulevard, Beverly Hills, Ca, California, 90212. Link to Reign Sapphire Filing: 000164215916000002.
Analysis of Reign Sapphire Offering
On average, companies in the Retailing sector, sell 71.70% of the total offering amount. Reign Sapphire sold 100.00% of the offering. Could this mean that the trust in Reign Sapphire is high? The average fundraising amount for companies in the Retailing industry is $45,600. The total amount raised is 2,094.16% bigger than the average for companies in the Retailing sector. 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 Reign Sapphire Also
The Form D signed by Joseph Segelman might help Reign Sapphire Corp’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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