Inentec Inc., Corporation just released form D about $8.00 million debt financing. This is a new filing. Inentec was able to finance itself with $250,000 so far. That is 3.13% of the financing round. The total financing amount was $8.00 million. This form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $7.75 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Inentec is based in Washington. The company’s business is Manufacturing. The SEC form was filed by JM ROCKETT VICE PRESIDENT. The company was incorporated more than five years ago. The filler’s address is: 1935 Butler Loop, Richland, Wa, Washington, 99354. Jeff Surma is the related person in the form and it has address: 1935 Butler Loop, Richland, Wa, Washington, 99354. Link to Inentec Filing: 000169085816000001.
Analysis of Inentec Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. Inentec sold 3.13% of the offering. The financing is still open. The average financing size for companies in the Manufacturing industry is $763,000. The offering was 67.23% smaller than the average of $763,000. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing was set at $1. 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 Inentec Also
The Form D signed by JM ROCKETT might help Inentec 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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