Form D SEC Filing: Gopher Protocol $1.50 million Fundraising. Michael Murray Filed Nov 23 D Form

Technology Gopher Protocol Inc. - Michael Murray

Gopher Protocol Financing

Gopher Protocol Inc., Corporation just had published form D announcing $1.50 million equity financing. This is a new filing. Gopher Protocol Inc. is expected to fundraise $1.50 million in this round of financing. The total offering amount was $1.50 million. This form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Gopher Protocol is based in California. The filler’s business is Other Technology. The form was filed by Michael Murray CEO. The company was incorporated more than five years ago. The filler’s address is: 2500 Broadway, Suite F-125, Santa Monica, Ca, California, 90404. Michael Murray is the related person in the form and it has address: 2500 Broadway, Suite F-125, Santa Monica, Ca, California, 90404. Link to Gopher Protocol Filing: 000161577416008562.

Analysis of Gopher Protocol Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Gopher Protocol sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this offering was set at $15000. 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 Gopher Protocol Also

The Form D signed by Michael Murray might help Gopher Protocol 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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