Fineqia International Financing
Fineqia International Inc., Corporation just submitted form D because of $345,162 equity financing. This is a new filing. Fineqia International was able to fundraise $57,527 so far. That is 16.67% of the round of financing. The total financing amount was $345,162. This form was filed on 2016-11-25. The reason for the financing was: The additional USD$287,635.42 may be received upon the exercise of share purchase warrants sold in the US. US dollar amounts are based on the Bank of Canada noon exchange rate on October 28, 2016, CAD$1.3385 = US$1.. The fundraising still has about $287,635 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fineqia International is based in British Columbia – Canada. The company’s business is not disclosed. The SEC form was filed by Bundeep Singh Rangar CEO. The company was incorporated more than five years ago. The filler’s address is: 804-750 West Pender Street, Vancouver, A1, British Columbia, Canada, L5n 6M6. Bundeep Singh Rangar is the related person in the form and it has address: 804-750 West Pender Street, 804-750 West Pender Street, Vancouver, A1, British Columbia, Canada, V6c 2T7. Link to Fineqia International Filing: 000154387216000002.
Analysis of Fineqia International Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Fineqia International sold 16.67% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 98.11% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this offering 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 Fineqia International Also
The Form D signed by Bundeep Singh Rangar might help Fineqia International 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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