C360 Technologies Financing
C360 Technologies, Inc., Corporation just had published form D about $2.40 million equity financing. This is a new filing. C360 Technologies was able to finance itself with $1.04 million so far. That is 43.33% of the offering. The total offering amount was $2.40 million. The offering form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $1.36 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
C360 Technologies is based in Pennsylvania. The filler’s business is Other Technology. The form was submitted by Evan Wimer Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 12330 Perry Highway, Suite 104, Wexford, Pa, Pennsylvania, 15090. Evan Wimer is the related person in the form and it has address: C/O C360 Technologies, Inc., 12330 Perry Highway, Suite 104, Wexford, Pa, Pennsylvania, 15090. Link to C360 Technologies Filing: 000168904916000008.
Analysis of C360 Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. C360 Technologies sold 43.33% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 32.47% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, 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 C360 Technologies Also
The Form D signed by Evan Wimer might help C360 Technologies, 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.