Copernicus, Inc., Corporation just had published form D because of $2.10 million equity financing. This is a new filing. Copernicus was able to fundraise $2.00 million. That is 95.24% of the round of financing. The total fundraising amount was $2.10 million. The private financing document was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Copernicus is based in Dc. The firm’s business is Other Technology. The form D was filed by Benjamin Leo Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 805 15Th Street Nw, Suite 200, Washington, Dc, District Of Columbia, 20005. Benjamin Leo is the related person in the form and it has address: 805 15Th Street Nw, Suite 200, Washington, Dc, District Of Columbia, 20005. Link to Copernicus Filing: 000161577416008645.
Analysis of Copernicus Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Copernicus sold 95.24% of the offering. The fundraising is still open. Could this mean that the trust in Copernicus is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 29.87% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Copernicus Also
The Form D signed by Benjamin Leo might help Copernicus, 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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