Power It Perfect Financing
Power It Perfect, Inc., Corporation just submitted form D for $5.00 million equity financing. This is a new filing. Power It Perfect was able to sell $462,000 so far. That is 9.24% of the financing round. The total offering amount was $5.00 million. The financing form was filed on 2015-09-03. The reason for the financing was: 7.5% of amount raised.. The fundraising still has about $4.54 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Power It Perfect is based in North Carolina. The firm’s business is Other Technology. The form D was submitted by David Utley Attorney In Fact. The company was incorporated in 2014. The filler’s address is: 10617 Kettering Drive, Suite 219, Charlotte, Nc, North Carolina, 28226. George C Critz Iii is the related person in the form and it has address: 14338 Crown Harbor Drive, Charlotte, Nc, North Carolina, 28278. Link to Power It Perfect Filing: 000165190615000001.
Analysis of Power It Perfect Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Power It Perfect sold 9.24% 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 70.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is set at $12500. 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 Power It Perfect Also
The Form D signed by David Utley might help Power It Perfect, 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.