Global Innovations Financing
Global Innovations, Inc., Corporation just released form D regarding $297,000 equity financing. This is a new filing. Global Innovations was able to sell $297,000. That is 100.00% of the financing round. The total private offering amount was $297,000. The fundraising form was filed on 2016-11-07. The reason for the financing was: unspecified.
Global Innovations is based in California. The filler’s business is Other Technology. The SEC form was submitted by Levon Thorose President & CEO. The company was incorporated in 2015. The filler’s address is: 5806 74Th Street, Los Angeles, Ca, California, 90045. Levon Thorose is the related person in the form and it has address: 5806 74Th Street, Los Angeles, Ca, California, 90045. Link to Global Innovations Filing: 000169035616000001.
Analysis of Global Innovations Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Global Innovations sold 100.00% of the offering. Could this mean that the trust in Global Innovations is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 80.71% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering 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 Global Innovations Also
The Form D signed by Levon Thorose might help Global Innovations, 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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