Get Smart Content Financing
Get Smart Content, Inc., Corporation just filed form D because of $1.89 million equity financing. This is a new filing. Get Smart Content was able to finance itself with $1.75 million. That is 92.59% of the fundraising. The total private offering amount was $1.89 million. The financing document was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $140,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Get Smart Content is based in Texas. The firm’s business is Other Technology. The form D was submitted by James Eustace President & Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 3000 E. Cesar Chavez, Austin, Tx, Texas, 78702. James Eustace is the related person in the form and it has address: 3000 E. Cesar Chavez St., Austin, Tx, Texas, 78702. Link to Get Smart Content Filing: 000159297116000002.
Analysis of Get Smart Content Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Get Smart Content sold 92.59% of the offering. The financing is still open. Could this mean that the trust in Get Smart Content is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 13.64% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $0. 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 Get Smart Content Also
The Form D signed by James Eustace might help Get Smart Content, 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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