Noteworthy Form D Filing: Main Street Exchange $1.00 million Financing. Carlos Cruz-Abrams Submitted Nov 29 form

Technology Main Street Exchange Corp - Carlos Cruz-Abrams

Main Street Exchange Financing

Main Street Exchange Corp, Corporation just submitted form D about $1.00 million equity and debt financing. This is a new filing. Main Street Exchange was able to finance itself with $132,975 so far. That is 13.30% of the financing round. The total financing amount was $1.00 million. This form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $867,025 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Main Street Exchange is based in Colorado. The company’s business is Other Technology. The SEC form was signed by Carlos Cruz-Abrams CEO. The company was incorporated in 2015. The filler’s address is: 1525 Spruce Street, Suite 202, Boulder, Co, Colorado, 80302. Carlos Cruz-Abrams is the related person in the form and it has address: 1525 Spruce Street, Suite 202, Boulder, Co, Colorado, 80302. Link to Main Street Exchange Filing: 000166194116000004.

Analysis of Main Street Exchange Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Main Street Exchange sold 13.30% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 91.37% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. 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 Main Street Exchange Also

The Form D signed by Carlos Cruz-Abrams might help Main Street Exchange Corp’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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment