Nohms Technologies Financing
Nohms Technologies, Inc., Corporation just filed form D because of $300,000 financing. Nohms Technologies was able to fundraise $200,000 so far. That is 66.67% of the fundraising offer. The total financing amount was $300,000. The private financing document was filled on 2015-05-15. 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.
Nohms Technologies is based in New York. The firm’s business is Other Technology. The SEC form was filled by Richard Delmerico Chief Executive Officer. The company was incorporated in 2010. The filler’s address is: 1200 Ridgeway Avenue, Suite 110, Rochester, Ny, New York, 14615. Richard Delmerico is the related person in the form and it has address: 1200 Ridgeway Avenue, Suite 110, Rochester, Ny, New York, 14615.
Analysis of Nohms Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Nohms Technologies sold 66.67% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this offering 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 Nohms Technologies Also
Despite Richard Delmerico’s reporting disadvantages, Nohms Technologies, Inc. could benefit from this reporting. 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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