Supercritical Technologies Financing
Supercritical Technologies, Inc., Corporation just submitted form D regarding $500,000 debt financing. This is a new filing. Supercritical Technologies was able to finance itself with $350,000 so far. That is 70.00% of the fundraising. The total private financing amount was $500,000. The offering form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Supercritical Technologies is based in Washington. The filler’s business is Other Energy. The form was submitted by Craig S Husa Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 2430 Rocky Point Road North West, Bremerton, Wa, Washington, 98312. Chal Davidson is the related person in the form and it has address: Po Box 1108, Bremerton, Wa, Washington, 98337. Link to Supercritical Technologies Filing: 000156061916000004.
Analysis of Supercritical Technologies Offering
On average, firms in the Other Energy sector, sell 65.00% of the total offering size. Supercritical Technologies sold 70.00% of the offering. The financing is still open. Could this mean that the trust in Supercritical Technologies is high? The average financing size for companies in the Other Energy industry is $1.11 million. The offering was 68.38% smaller than the average of $1.11 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 fundraising was 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 Supercritical Technologies Also
The Form D signed by Craig S Husa might help Supercritical 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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