Aquabotix Technology Financing
Aquabotix Technology Corp, Corporation just released form D about $950,000 debt financing. This is a new filing. Aquabotix Technology was able to fundraise $950,000. That is 100.00% of the offering. The total private financing amount was $950,000. The form was filed on 2016-11-22. The reason for the financing was: SECURITIES CONSIST OF A $250,000 CONVERTIBLE NOTE, A CONVERTIBLE NOTE FOR UP TO AN ADDITIONAL $300,000 IN PRINCIPAL AMOUNT, AND A WARRANT WITH AN AGGREGATE EXERCISE PRICE OF $400,000..
Aquabotix Technology is based in Massachusetts. The filler’s business is Other Technology. The form D was signed by Durval Tavares President and CEO. The company was incorporated more than five years ago. The filler’s address is: 21 Father Devalles Boulevard, Suite 106, Fall River, Ma, Massachusetts, 02723. Durval Tavares is the related person in the form and it has address: C/O Aquabotix Technology Corp, 21 Father Devalles Boulevard, Suite 106, Fall River, Ma, Massachusetts, 02723. Link to Aquabotix Technology Filing: 000169062016000001.
Analysis of Aquabotix Technology Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Aquabotix Technology sold 100.00% of the offering. Could this mean that the trust in Aquabotix Technology is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 38.31% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different needs and reasons. The minimum investment for this financing was set at $250000. 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 Aquabotix Technology Also
The Form D signed by Durval Tavares might help Aquabotix Technology 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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