Evasyst, Inc., Corporation just had published form D announcing $652,500 debt financing. This is a new filing. Evasyst was able to sell $652,500. That is 100.00% of the financing offer. The total offering amount was $652,500. The financing form was filed on 2016-11-21. The reason for the financing was: unspecified.
Evasyst is based in California. The company’s business is Other Technology. The D form was signed by Justin Weissberg Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 5151 California Avenue, Suite 150, Irvine, Ca, California, 92617. Justin Weissberg is the related person in the form and it has address: 5151 California Avenue, Suite 150, Irvine, Ca, California, 92617. Link to Evasyst Filing: 000169073316000001.
Analysis of Evasyst Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Evasyst sold 100.00% of the offering. Could this mean that the trust in Evasyst is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 57.63% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for a variety of 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 Evasyst Also
The Form D signed by Justin Weissberg might help Evasyst, 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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