Ehave, Inc., Corporation just had published form D about $140,903 equity and debt financing. This is a new filing. Ehave was able to finance itself with $140,903. That is 100.00% of the fundraising offer. The total fundraising amount was $140,903. The form was filed on 2016-11-30. The reason for the financing was: Total Offering Amount includes (1) up to $1,500,026 in proceeds from sale of notes and warrants issuable upon a qualified financing and (2) proceeds from warrants exercised at a variable price dependent on the price per share paid in such financing..
Ehave is based in Ontario – Canada. The company’s business is Other Technology. The form was signed by Scott L Woodrow Chairman. The company was incorporated more than five years ago. The filler’s address is: 250 University Avenue, Suite 200, Toronto, A6, Ontario, Canada, On M5h 3E5. Scott L. Woodrow is the related person in the form and it has address: 250 University Ave., Suite 200, Toronto, A6, Ontario, Canada, On M5h 3E5. Link to Ehave Filing: 000114420416137234.
Analysis of Ehave Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Ehave sold 100.00% of the offering. Could this mean that the trust in Ehave is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 90.85% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this offering was set at $0. 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 Ehave Also
The Form D signed by Scott L Woodrow might help Ehave, 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.
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.