Air Industries Group Financing
Air Industries Group, Corporation just submitted form D about $1.40 million equity and debt financing. This is a new filing. Air Industries Group was able to fundraise $1.40 million. That is 100.00% of the fundraising offer. The total fundraising amount was $1.40 million. The private financing document was filed on 2016-11-30. The reason for the financing was: In addition to sales commissions, placement agent received five year warrants to purchase 62,222 shares of common stock with an initial exercise price of $3.00 per share..
Air Industries Group is based in New York. The firm’s business is Manufacturing. The form D was signed by Daniel R Godin President and CEO. The company was incorporated in 2013. The filler’s address is: 360 Motor Parkway, Suite 100, Hauppauge, Ny, New York, 11788. Peter D. Rettaliata is the related person in the form and it has address: 360 Motor Parkway, Suite 100, Hauppauge, Ny, New York, 11788. Link to Air Industries Group Filing: 000119380516004328.
Analysis of Air Industries Group Offering
On average, companies in the Manufacturing sector, sell 59.50% of the total offering size. Air Industries Group sold 100.00% of the offering. Could this mean that the trust in Air Industries Group is high? The average investment offering size for companies in the Manufacturing industry is $763,000. The total amount raised is 83.49% bigger than the average for companies in the Manufacturing sector. The minimum investment for this offering 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 Air Industries Group Also
The Form D signed by Daniel R Godin might help Air Industries Group’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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