Icon Hd Financing
Icon Hd, Llc, Limited Liability Company just released form D because of $1.50 million equity and debt financing. This is a new filing. Icon Hd, Llc is expected to sell $1.50 million in this fundraising offer. The total offering amount was $1.50 million. The form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Icon Hd is based in North Dakota. The filler’s business is Other Technology. The form was filed by Michael Kuntz President. The company was incorporated more than five years ago. The filler’s address is: 4000 Gardenview Drive, Suite 101, Grand Forks, Nd, North Dakota, 58201. Michael Kuntz is the related person in the form and it has address: 4000 Gardenview Drive, Suite 101, Grand Forks, Nd, North Dakota, 58201. Link to Icon Hd Filing: 000169116416000001.
Analysis of Icon Hd Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Icon Hd sold 0.00% of the offering. The fundraising is still open. The average investment offering 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 seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $5000. 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 Icon Hd Also
The Form D signed by Michael Kuntz might help Icon Hd, Llc’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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