Form D SEC Filing: Hubb $3.94 million Fundraising. Allison Magyar Filed Nov 16 Form D

Business Services Hubb, Inc. - Allison Magyar

Hubb Financing

Hubb, Inc., Corporation just submitted form D because of $3.94 million equity financing. This is a new filing. Hubb was able to finance itself with $3.14 million so far. That is 79.69% of the offering. The total financing amount was $3.94 million. This form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $800,006 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Hubb is based in Alabama. The company’s business is Business Services. The form D was signed by Allison Magyar President of Issuer. The company was incorporated in 2015. The filler’s address is: 4510 Ne 68Th Drive, Suite 102, Vancouver, Wa, Washington, 98661. Allison Magyar is the related person in the form and it has address: 4510 Ne 68Th Drive, Suite 102, Vancouver, Wa, Washington, 98661. Link to Hubb Filing: 000169010416000001.

Analysis of Hubb Offering

On average, startups in the Business Services sector, sell 69.04% of the total offering amount. Hubb sold 79.69% of the offering. The financing is still open. Could this mean that the trust in Hubb is high? The average fundraising amount for companies in the Business Services industry is $583,000. The total amount raised is 438.53% bigger than the average for companies in the Business Services sector. The minimum investment for this fundraising is set at $15000. 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 Hubb Also

The Form D signed by Allison Magyar might help Hubb, 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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