Important Form D Filing: Shareiq $3.04 million Fundraising. Brian Killen Released Nov 29 form D

Shareiq, Inc. - Brian Killen

Shareiq Financing

Shareiq, Inc., Corporation just submitted form D because of $3.04 million equity financing. This is a new filing. Shareiq was able to fundraise $3.01 million. That is 98.91% of the financing round. The total private financing amount was $3.04 million. The offering form was filed on 2016-11-29. The reason for the financing was: Total Offering Amount and Total Amount Sold include shares issued uponconversion of Simple Agreements for Future Equity.. The fundraising still has about $33,001 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Shareiq is based in Germany. The firm’s business is not disclosed. The D form was signed by Brian Killen President. The company was incorporated in 2014. The filler’s address is: C/O Shareiq Gmbh, Mehringdamm 33, Berlin, 2M, Germany, 10961. Brian Killen is the related person in the form and it has address: C/O Shareiq, Inc., Mehringdamm 33, Berlin, 2M, Germany, 10961. Link to Shareiq Filing: 000169099716000001.

Analysis of Shareiq Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Shareiq sold 98.91% of the offering. The financing is still open. Could this mean that the trust in Shareiq is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 1.36% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising was 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 Shareiq Also

The Form D signed by Brian Killen might help Shareiq, 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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