Form D Buzzer: Fusion Telecommunications International $3.00 million Financing. James P Prenetta Jr Released Nov 16 form D

Telecommunications Fusion Telecommunications International Inc - James P Prenetta Jr

Fusion Telecommunications International Financing

Fusion Telecommunications International Inc, Corporation just released form D for $3.00 million equity financing. This is a new filing. Fusion Telecommunications International was able to finance itself with $2.80 million. That is 93.19% of the fundraising offer. The total fundraising amount was $3.00 million. The private financing document was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $204,250 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Fusion Telecommunications International is based in New York. The firm’s business is Telecommunications. The form D was signed by James P Prenetta Jr General Counsel. The company was incorporated more than five years ago. The filler’s address is: 420 Lexington Avenue, Suite 1718, New York, Ny, New York, 10170. Matthew D. Rosen is the related person in the form and it has address: 420 Lexington Avenue, Suite 1718, New York, Ny, New York, 10170. Link to Fusion Telecommunications International Filing: 000093244016000531.

Analysis of Fusion Telecommunications International Offering

On average, companies in the Telecommunications sector, sell 85.70% of the total offering size. Fusion Telecommunications International sold 93.19% of the offering. The fundraising is still open. Could this mean that the trust in Fusion Telecommunications International is high? The average investment size for companies in the Telecommunications industry is $125,000. The total amount raised is 2,136.60% bigger than the average for companies in the Telecommunications sector. The minimum investment for this offering 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 Fusion Telecommunications International Also

The Form D signed by James P Prenetta Jr might help Fusion Telecommunications International 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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