Noteworthy Form D Filing: Poquito $850000 Financing. Scott Harmon Released Nov 23 form

Technology Poquito, Inc. - Scott Harmon

Poquito Financing

Poquito, Inc., Corporation just had published form D regarding $850,000 equity financing. This is a new filing. Poquito was able to finance itself with $850,000. That is 100.00% of the offering. The total fundraising amount was $850,000. The financing form was filed on 2016-11-23. The reason for the financing was: unspecified.

Poquito is based in Texas. The filler’s business is Other Technology. The form was signed by Scott Harmon President. The company was incorporated in 2016. The filler’s address is: 4503 Sinclair Ave, Austin, Tx, Texas, 78766. Scott Harmon is the related person in the form and it has address: 4503 Sinclair Avenue, Austin, Tx, Texas, 78766. Link to Poquito Filing: 000169070916000002.

Analysis of Poquito Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Poquito sold 100.00% of the offering. Could this mean that the trust in Poquito is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 44.81% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering was 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 Poquito Also

The Form D signed by Scott Harmon might help Poquito, 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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