Equiseq Inc., Corporation just released form D because of $400,000 debt financing. This is a new filing. Equiseq was able to fundraise $30,000 so far. That is 7.50% of the fundraising. The total fundraising amount was $400,000. This form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $370,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Equiseq is based in New Mexico. The filler’s business is Biotechnology. The form was filed by Zachary Lerner Attorney-in-Fact. The company was incorporated in 2015. The filler’s address is: 801 University Blvd Se, Suite 100, Albuquerque, Nm, New Mexico, 87106. Alexandra Palmer is the related person in the form and it has address: 800 University Blvd Se, Suite 100, Albuquerque, Nm, New Mexico, 87106. Link to Equiseq Filing: 000166178216000002.
Analysis of Equiseq Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Equiseq sold 7.50% of the offering. The financing is still open. The average investment offering size for companies in the Biotechnology industry is $3.08 million. The offering was 99.03% smaller than the average of $3.08 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this offering is 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 Equiseq Also
The Form D signed by Zachary Lerner might help Equiseq 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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