Exactor, Inc., Corporation just released form D because of $3.30 million equity financing. This is a new filing. Exactor was able to sell $3.30 million. That is 100.00% of the offering. The total private financing amount was $3.30 million. The financing form was filed on 2016-11-23. The reason for the financing was: unspecified.
Exactor is based in Pennsylvania. The firm’s business is not disclosed. The D form was filed by Jonathan Barsade Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 543 Foxglove Ln., Wynnewood, Pa, Pennsylvania, 19096. Jonathan Barsade is the related person in the form and it has address: 543 Foxglove Ln., Wynnewood, Pa, Pennsylvania, 19096. Link to Exactor Filing: 000114036116087805.
Analysis of Exactor Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Exactor sold 100.00% of the offering. Could this mean that the trust in Exactor is high? The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 8.20% bigger than the average for companies in the database. The minimum investment for this offering was set at $3300000. 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 Exactor Also
The Form D signed by Jonathan Barsade might help Exactor, 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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