Handll, Inc., Corporation just filed form D because of $200,000 equity and debt financing. This is a new filing. Handll was able to sell $75,000 so far. That is 37.50% of the financing round. The total fundraising amount was $200,000. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $125,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Handll is based in Colorado. The firm’s business is Telecommunications. The form was signed by Ethan Holien President and CEO. The company was incorporated in 2014. The filler’s address is: 2401 Larimer Street, Denver, Co, Colorado, 80205. Ethan Holien is the related person in the form and it has address: 2401 Larimer Street, Denver, Co, Colorado, 80205. Link to Handll Filing: 000161884216000003.
Analysis of Handll Offering
On average, companies in the Telecommunications sector, sell 85.70% of the total offering size. Handll sold 37.50% of the offering. The fundraising is still open. The average offering amount for companies in the Telecommunications industry is $125,000. The offering was 40.00% smaller than the average of $125,000. Of course this should not be seen as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this fundraising 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 Handll Also
The Form D signed by Ethan Holien might help Handll, 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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