Infrastructure Networks Financing
Infrastructure Networks, Inc., Corporation just filed form D announcing $4.77 million equity financing. This is a new filing. Infrastructure Networks was able to sell $3.77 million so far. That is 79.05% of the fundraising. The total offering amount was $4.77 million. The form was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Infrastructure Networks is based in Texas. The firm’s business is Telecommunications. The D form was submitted by Scott Crist Chief Executive Office. The company was incorporated in 2012. The filler’s address is: 1718 Fry Road, Suite 116, Houston, Tx, Texas, 77084. Stanley Hughey is the related person in the form and it has address: 1718 Fry Road, Suite 116, Houston, Tx, Texas, 77084. Link to Infrastructure Networks Filing: 000159095616000003.
Analysis of Infrastructure Networks Offering
On average, companies in the Telecommunications sector, sell 85.70% of the total offering amount. Infrastructure Networks sold 79.05% of the offering. The fundraising is still open. The average offering amount for companies in the Telecommunications industry is $125,000. The total amount raised is 2,919.04% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing 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 Infrastructure Networks Also
The Form D signed by Scott Crist might help Infrastructure Networks, 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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