Allied Payment Network Financing
Allied Payment Network Inc., Corporation just released form D regarding $1.00 million equity financing. This is a new filing. Allied Payment Network was able to finance itself with $215,000 so far. That is 21.50% of the offering. The total financing amount was $1.00 million. The form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $785,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Allied Payment Network is based in Indiana. The company’s business is Other Technology. The D form was filed by Ralph E Marcuccilli Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 3201 Stellhorn Road, Fort Wayne, In, Indiana, 46815. Ralph E. Marcuccilli is the related person in the form and it has address: 3201 Stellhorn Road, Fort Wayne, In, Indiana, 46815. Link to Allied Payment Network Filing: 000153640616000003.
Analysis of Allied Payment Network Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Allied Payment Network sold 21.50% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 86.04% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms raise funds for different needs and reasons. The minimum investment for this financing is 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 Allied Payment Network Also
The Form D signed by Ralph E Marcuccilli might help Allied Payment Network 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.