Form D Worth Watching: Latam Buses $1.00 million Fundraising. JACOB MOSKOWITZ Filed Nov 28 D form

Technology Latam Buses Inc. - JACOB MOSKOWITZ

Latam Buses Financing

Latam Buses Inc., Corporation just released form D announcing $1.00 million debt financing. This is a new filing. Latam Buses was able to sell $430,000 so far. That is 43.00% of the fundraising. The total financing amount was $1.00 million. The offering form was filed on 2016-11-28. The reason for the financing was: The payments described in this Item 16 include twelve months of estimated salary payments to the executive officers described in Item 3.. The fundraising still has about $570,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Latam Buses is based in Michigan. The filler’s business is Other Technology. The SEC form was filed by JACOB MOSKOWITZ CHIEF EXECUTIVE OFFICER. The company was incorporated in 2013. The filler’s address is: 2000 Brush St., Detroit, Mi, Michigan, 48226. Jacob Moskowitz is the related person in the form and it has address: 2000 Brush St., Detroit, Mi, Michigan, 48226. Link to Latam Buses Filing: 000169056616000001.

Analysis of Latam Buses Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Latam Buses sold 43.00% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 72.08% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising 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 Latam Buses Also

The Form D signed by JACOB MOSKOWITZ might help Latam Buses 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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