Timeset, Inc., Corporation just had published form D for $1 equity financing. This is a new filing. Timeset, Inc. is expected to sell $1 in this fundraising. The total private offering amount was $1. The private financing document was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $1 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Timeset is based in Florida. The filler’s business is Other Technology. The SEC form was signed by Brock L Easton Attorney for Issuer. The company was incorporated in 2015. The filler’s address is: 1962 Main Street, Suite 300, Sarasota, Fl, Florida, 34236. Aslan Leo Riza is the related person in the form and it has address: 1962 Main Street, Suite 300, Sarasota, Fl, Florida, 34236. Link to Timeset Filing: 000165375416000003.
Analysis of Timeset Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Timeset sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. 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 Timeset Also
The Form D signed by Brock L Easton might help Timeset, 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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