Thesquarefoot, Inc., Corporation just submitted form D about $3.00 million equity financing. This is a new filing. Thesquarefoot was able to sell $1.38 million so far. That is 45.83% of the financing round. The total fundraising amount was $3.00 million. The financing document was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $1.63 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Thesquarefoot is based in New York. The filler’s business is Commercial. The form D was filed by JONATHAN WASSERSTRUM CEO. The company was incorporated in 2013. The filler’s address is: 48 West 21St Street, 4Th Floor, New York, Ny, New York, 10010. Jonathan Wasserstrum is the related person in the form and it has address: C/O Thesquarefoot, Inc., 48 West 21St Street, 4Th Floor, New York, Ny, New York, 10010. Link to Thesquarefoot Filing: 000162878716000002.
Analysis of Thesquarefoot Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Thesquarefoot sold 45.83% of the offering. The financing is still open. The average offering amount for companies in the Commercial industry is $1.60 million. The offering was 14.06% smaller than the average of $1.60 million. Of course this should not be seen as negative. Companies get financed for different 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 Thesquarefoot Also
The Form D signed by JONATHAN WASSERSTRUM might help Thesquarefoot, 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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