Cellular Logistics Financing
Cellular Logistics, Inc., Corporation just released form D announcing $500,000 debt financing. This is a new filing. Cellular Logistics was able to finance itself with $185,000 so far. That is 37.00% of the financing offer. The total private financing amount was $500,000. The offering form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $315,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cellular Logistics is based in Wisconsin. The company’s business is Biotechnology. The SEC form was filed by Rakesh Soni Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 7170 Pfeil Bend, Sun Prairie, Wi, Wisconsin, 53590. Adam Bock is the related person in the form and it has address: 1722 Dickinson Drive, Sun Prairie, Wi, Wisconsin, 53590. Link to Cellular Logistics Filing: 000168862116000001.
Analysis of Cellular Logistics Offering
On average, firms in the Biotechnology sector, sell 73.77% of the total offering amount. Cellular Logistics sold 37.00% of the offering. The fundraising is still open. The average offering amount for companies in the Biotechnology industry is $3.08 million. The offering was 93.99% smaller than the average of $3.08 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising is 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 Cellular Logistics Also
The Form D signed by Rakesh Soni might help Cellular Logistics, 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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