T-Rex Group Financing
T-Rex Group, Inc., Corporation just had published form D regarding $10.22 million equity financing. This is a new filing. T-Rex Group was able to sell $7.32 million so far. That is 71.62% of the fundraising offer. The total private offering amount was $10.22 million. The fundraising form was filed on 2016-11-29. The reason for the financing was: Theses funds will be used to pay off a loan made by Benjamin B. Cohen, the Company’s President and Chief Executive Officer. The fundraising still has about $2.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
T-Rex Group is based in New York. The company’s business is Other Technology. The form D was submitted by Benjamin B Cohen President and Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 214 West 29Th Street, 17Th Floor, C/O T-Rex, New York, Ny, New York, 10001. Benjamin B. Cohen is the related person in the form and it has address: 214 West 29Th Street, 17Th Floor, C/O T-Rex, New York, Ny, New York, 10001. Link to T-Rex Group Filing: 000159618416000002.
Analysis of T-Rex Group Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. T-Rex Group sold 71.62% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 375.11% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 T-Rex Group Also
The Form D signed by Benjamin B Cohen might help T-Rex Group, 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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