Semprius Inc, Corporation just had published form D because of $150,000 debt financing. This is a new filing. Semprius was able to fundraise $120,396. That is 80.26% of the financing round. The total financing amount was $150,000. The offering form was filed on 2016-11-16. The reason for the financing was: Excluding salaries paid in the ordinary course of business.. The fundraising still has about $29,604 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Semprius is based in North Carolina. The company’s business is Other Technology. The form was signed by Helena Yee Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 4915 Prospectus Drive, Suite C, Durham, Nc, North Carolina, 27713. Joseph Carr is the related person in the form and it has address: 4915 Prospectus Drive, Suite C, Durham, Nc, North Carolina, 27713. Link to Semprius Filing: 000139341216000011.
Analysis of Semprius Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Semprius sold 80.26% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 92.18% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed 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 Semprius Also
The Form D signed by Helena Yee might help Semprius 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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