Today’s Form D Alert: Dais Technology $5.00 million Fundraising. Milos Dedovic Released Nov 17 SEC form

Technology Dais Technology, Inc. - Milos Dedovic

Dais Technology Financing

Dais Technology, Inc., Corporation just submitted form D because of $5.00 million equity financing. This is a new filing. Dais Technology was able to finance itself with $5.00 million. That is 100.00% of the financing round. The total financing amount was $5.00 million. The fundraising form was filed on 2016-11-17. The reason for the financing was: unspecified.

Dais Technology is based in Illinois. The company’s business is Other Technology. The D form was signed by Milos Dedovic Chief Operating Officer. The company was incorporated in 2016. The filler’s address is: 2506 Osage Drive, Glenview, Il, Illinois, 60026. Jason Kolb is the related person in the form and it has address: 2506 Osage Drive, Glenview, Il, Illinois, 60026. Link to Dais Technology Filing: 000169001116000001.

Analysis of Dais Technology Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Dais Technology sold 100.00% of the offering. Could this mean that the trust in Dais Technology is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Dais Technology Also

The Form D signed by Milos Dedovic might help Dais Technology, 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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