Steadyserv Technologies Financing
Steadyserv Technologies, Llc, Limited Liability Company just released form D announcing $7.50 million equity financing. This is a new filing. Steadyserv Technologies was able to sell $450,000 so far. That is 6.00% of the fundraising offer. The total financing amount was $7.50 million. The private financing document was filed on 2016-11-29. The reason for the financing was: Issuer has agreed to pay each Placement Agent a placement fee of 10% of the principal amount of the securities placed by such Placement Agent. Estimated sales commissions based upon anticipated aggregate amount of securities placed by Placement Agents.. The fundraising still has about $7.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Steadyserv Technologies is based in Indiana. The company’s business is Other Technology. The SEC form was submitted by Steven Hershberger Chairman and CEO. The company was incorporated in 2012. The filler’s address is: 11671 Lantern Road, Suite 300, Fishers, In, Indiana, 46038. Steven Hershberger is the related person in the form and it has address: 11671 Lantern Road, Suite 300, Fishers, In, Indiana, 46038. Link to Steadyserv Technologies Filing: 000156016316000004.
Analysis of Steadyserv Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Steadyserv Technologies sold 6.00% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 70.78% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising was set at $50000. 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 Steadyserv Technologies Also
The Form D signed by Steven Hershberger might help Steadyserv Technologies, Llc’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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