Form D Watching: Trustar Technology $5.05 million Financing. Paul Kurtz Submitted Nov 28 SEC Form

Technology Trustar Technology, Inc. - Paul Kurtz

Trustar Technology Financing

Trustar Technology, Inc., Corporation just filed form D announcing $5.05 million equity financing. This is a new filing. Trustar Technology was able to finance itself with $5.00 million. That is 99.03% of the fundraising offer. The total fundraising amount was $5.05 million. The fundraising form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $49,002 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trustar Technology is based in California. The company’s business is Other Technology. The form D was signed by Paul Kurtz Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 73 Sumner Street #103, San Francisco, Ca, California, 94103. Paul Kurtz is the related person in the form and it has address: 73 Sumner Street #103, San Francisco, Ca, California, 94103. Link to Trustar Technology Filing: 000168060816000003.

Analysis of Trustar Technology Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Trustar Technology sold 99.03% of the offering. The fundraising is still open. Could this mean that the trust in Trustar Technology is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, 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 Trustar Technology Also

The Form D signed by Paul Kurtz might help Trustar Technology, 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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