Roar Athletic Performance Financing
Roar Athletic Performance Corp., Corporation just filed form D because of $1.00 million debt financing. The date of first sale was 2014-12-12. Roar Athletic Performance was able to fundraise $610,000 so far. That is 61.00% of the financing round. The total fundraising amount was $1.00 million. The offering form was filed on 2016-11-22. The reason for the financing was: Reimbursement of prior business expenses.. The fundraising still has about $390,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Roar Athletic Performance is based in Connecticut. The filler’s business is not disclosed. The SEC form was filed by Matthew J Arciuolo President. The company was incorporated in 2014. The filler’s address is: 2 Hollyhock Road, Wilton, Ct, Connecticut, 06897. Matthew J. Arciuolo is the related person in the form and it has address: 2 Hollyhock Road, Wilton, Ct, Connecticut, 06897. Link to Roar Athletic Performance Filing: 000162889116000006.
Analysis of Roar Athletic Performance Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Roar Athletic Performance sold 61.00% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 80.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, 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 Roar Athletic Performance Also
The Form D signed by Matthew J Arciuolo might help Roar Athletic Performance Corp.’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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