Energous Corp, Corporation just had published form D regarding $23.00 million equity financing. This is a new filing. Energous was able to finance itself with $23.00 million. That is 100.00% of the offering. The total private financing amount was $23.00 million. This form was filed on 2016-11-22. The reason for the financing was: Includes 763,552 shares of common stock sold for $10,000,011.48 and a warrant to purchase up to 763,552 shares of common stock at an exercise price of $17.0257 per share, which may never be exercised..
Energous is based in California. The firm’s business is Other Technology. The form D was signed by Brian Sereda Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 3590 North First Street, Suite 210, San Jose, Ca, California, 95134. Stephen R. Rizzone is the related person in the form and it has address: 3590 North First Street, Suite 210, San Jose, Ca, California, 95134. Link to Energous Filing: 000157579316000002.
Analysis of Energous Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Energous sold 100.00% of the offering. Could this mean that the trust in Energous is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,393.51% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was 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 Energous Also
The Form D signed by Brian Sereda might help Energous 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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