Noble Environmental Technologies Financing
Noble Environmental Technologies Corp., Corporation just filed form D regarding $2.00 million debt financing. The date of first sale was 2016-10-07. Noble Environmental Technologies was able to fundraise $1.00 million so far. That is 50.00% of the financing offer. The total offering amount was $2.00 million. This form was filed on 2016-11-18. The reason for the financing was: (a) includes up to 200,000 Class A voting common stock purchase warrants. 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.
Noble Environmental Technologies is based in California. The firm’s business is Manufacturing. The form was signed by Donald Moody Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1660 Logan Avenue, Suite B, San Diego, Ca, California, 92113. Donald Moody is the related person in the form and it has address: 1660 Logan Avenue, Suite B, San Diego, Ca, California, 92113. Link to Noble Environmental Technologies Filing: 000106594916000528.
Analysis of Noble Environmental Technologies Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Noble Environmental Technologies sold 50.00% of the offering. The financing is still open. The average offering amount for companies in the Manufacturing industry is $763,000. The total amount raised is 31.06% bigger than the average for companies in the Manufacturing sector. The minimum investment for this fundraising is set at $10000. 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 Noble Environmental Technologies Also
The Form D signed by Donald Moody might help Noble Environmental Technologies Corp.’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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