Form D On Watch: Innovative Climatic Technologies $120000 Financing. George Roundy Published Nov 30 form D

Energy Conservation Innovative Climatic Technologies Corp - George Roundy

Innovative Climatic Technologies Financing

Innovative Climatic Technologies Corp, Corporation just released form D announcing $120,000 equity financing. This is a new filing. Innovative Climatic Technologies was able to finance itself with $120,000. That is 100.00% of the fundraising. The total private financing amount was $120,000. The financing document was filed on 2016-11-30. The reason for the financing was: unspecified.

Innovative Climatic Technologies is based in Arizona. The filler’s business is Energy Conservation. The SEC form was submitted by George Roundy CEO/CFO. The company was incorporated in 2015. The filler’s address is: 13835 N. Tatum Blvd., #9-419, Phoenix, Az, Arizona, 85032. George Roundy is the related person in the form and it has address: 13853 N. Tatum Blvd., #9-419, Phoeniz, Az, Arizona, 85032. Link to Innovative Climatic Technologies Filing: 000166499616000002.

Analysis of Innovative Climatic Technologies Offering

On average, startups in the Energy Conservation sector, sell 66.70% of the total offering size. Innovative Climatic Technologies sold 100.00% of the offering. Could this mean that the trust in Innovative Climatic Technologies is high? The average offering size for companies in the Energy Conservation industry is $1.34 million. The offering was 91.06% smaller than the average of $1.34 million. Of course this should not be interpreted as negative. Firms raise funds for different reasons and needs. The minimum investment for this offering is set at $15000. 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 Innovative Climatic Technologies Also

The Form D signed by George Roundy might help Innovative Climatic Technologies Corp’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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