Form D Alert: Poverty Dignified $750000 Financing. David Utley Released Nov 23 Form D

Business Services Poverty Dignified, Inc. - David Utley

Poverty Dignified Financing

Poverty Dignified, Inc., Corporation just released form D because of $750,000 equity financing. This is a new filing. Poverty Dignified was able to finance itself with $610,751. That is 81.43% of the round of financing. The total financing amount was $750,000. The financing form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $139,249 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Poverty Dignified is based in North Carolina. The firm’s business is Business Services. The form D was filed by David Utley Attorney In Fact. The company was incorporated in 2013. The filler’s address is: 10617 Kettering Drive, Suite 219, Charlotte, Nc, North Carolina, 28226. Kevin Lowther is the related person in the form and it has address: 10617 Kettering Ste. 219, Pineville, Nc, North Carolina, 28134. Link to Poverty Dignified Filing: 000159161516000004.

Analysis of Poverty Dignified Offering

On average, companies in the Business Services sector, sell 69.04% of the total offering size. Poverty Dignified sold 81.43% of the offering. The fundraising is still open. Could this mean that the trust in Poverty Dignified is high? The average offering amount for companies in the Business Services industry is $583,000. The total amount raised is 4.76% bigger than the average for companies in the Business Services sector. The minimum investment for this financing is 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 Poverty Dignified Also

The Form D signed by David Utley might help Poverty Dignified, 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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