Noteworthy Form D Filing: Trakkx.Com $2.50 million Financing. s Johnny Lozito Released Nov 17 D form

Technology Trakkx.Com, Inc. - /s/ Johnny Lozito

Trakkx.Com Financing

Trakkx.Com, Inc., Corporation just filed form D announcing $2.50 million equity financing. This is a new filing. Trakkx.Com was able to finance itself with $60,000 so far. That is 2.40% of the fundraising offer. The total private financing amount was $2.50 million. The financing document was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $2.44 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trakkx.Com is based in Alabama. The company’s business is Other Technology. The D form was signed by /s/ Johnny Lozito CEO. The company was incorporated in 2012. The filler’s address is: 5235 Avenida Encinas, Suite C, Carlsbad, Ca, California, 92008. Johnny Lozito is the related person in the form and it has address: 1360 Neptune Avenue, Encinitas, Ca, California, 92024. Link to Trakkx.Com Filing: 000169022316000002.

Analysis of Trakkx.Com Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Trakkx.Com sold 2.40% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 96.10% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this financing is 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 Trakkx.Com Also

The Form D signed by /s/ Johnny Lozito might help Trakkx.Com, 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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