Form D Buzzer: Brads App $100000 Fundraising. Eric Gershoni Published Nov 29 SEC Filing

Brads App, Inc. - Eric Gershoni

Brads App Financing

Brads App, Inc., Corporation just released form D regarding $100,000 equity financing. This is a new filing. Brads App was able to sell $15,000 so far. That is 15.00% of the fundraising offer. The total offering amount was $100,000. The financing form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $85,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Brads App is based in New Jersey. The filler’s business is not disclosed. The form was signed by Eric Gershoni Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 225 County Road, Tenafly, Nj, New Jersey, 07670. Eric Gershoni is the related person in the form and it has address: 225 County Road, Tenafly, Nj, New Jersey, 07670. Link to Brads App Filing: 000164872216000002.

Analysis of Brads App Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Brads App sold 15.00% of the offering. The financing is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 99.51% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing is set at $10000. 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 Brads App Also

The Form D signed by Eric Gershoni might help Brads App, 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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