Form D Filing: Frequentz $1.50 million Fundraising. CHARLES SWEAT Published Nov 16 Form D

Frequentz, Inc. - CHARLES SWEAT

Frequentz Financing

Frequentz, Inc., Corporation just had published form D because of $1.50 million equity financing. This is a new filing. Frequentz was able to fundraise $500,000 so far. That is 33.33% of the financing round. The total fundraising amount was $1.50 million. The offering form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Frequentz is based in California. The filler’s business is not disclosed. The form D was submitted by CHARLES SWEAT CHIEF EXECUTIVE OFFICER. The company was incorporated in 2013. The filler’s address is: 3960 Fabian Way, Palo Alto, Ca, California, 94303. Charles Sweat is the related person in the form and it has address: 3960 Fabian Way, Palo Alto, Ca, California, 94303. Link to Frequentz Filing: 000128832016000005.

Analysis of Frequentz Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Frequentz sold 33.33% of the offering. The financing is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 83.61% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds 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 Frequentz Also

The Form D signed by CHARLES SWEAT might help Frequentz, 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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