Lantos Technologies Financing
Lantos Technologies, Inc., Corporation just submitted form D about $500,000 equity and debt financing. This is a new filing. Lantos Technologies was able to sell $500,000. That is 100.00% of the round of financing. The total private offering amount was $500,000. The fundraising form was filed on 2016-11-22. The reason for the financing was: unspecified.
Lantos Technologies is based in Massachusetts. The firm’s business is Other Technology. The form was signed by Joshua S Phillips President & CEO. The company was incorporated more than five years ago. The filler’s address is: 201 Edgewater Drive, Suite 241, Wakefield, Ma, Massachusetts, 01880. Joshua S. Phillips is the related person in the form and it has address: 201 Edgewater Drive, Suite 241, C/O Lantos Technologies, Inc., Wakefield, Ma, Massachusetts, 01880. Link to Lantos Technologies Filing: 000150066416000006.
Analysis of Lantos Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Lantos Technologies sold 100.00% of the offering. Could this mean that the trust in Lantos Technologies is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. 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 Lantos Technologies Also
The Form D signed by Joshua S Phillips might help Lantos Technologies, 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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