Pop, Inc., Corporation just filed form D regarding $6.00 million equity financing. This is a new filing. Pop was able to finance itself with $6.00 million. That is 100.00 % of the fundraising offer. The total private financing amount was $6.00 million. The offering form was filed on 2015-11-04. The reason for the financing was: $5,900,271.15 new money; $99,728.53 cancellation of debt.
Pop is based in California. The filler’s business is Other Technology. The D form was filed by Hayes Drumwright President & Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 7565 Irvine Center Drive, Suite 200, Irvine, Ca, California, 92618. Hayes Drumwright is the related person in the form and it has address: C/O Pop, Inc., 7565 Irvine Center Drive, Suite 200, Irvine, Ca, California, 92618. Link to Pop Filing: 000165780215000001.
Analysis of Pop Offering
On average, firms in the Other Technology sector, sell 85.80 % of the total offering size. Pop sold 100.00 % of the offering. Could this mean that the trust in Pop is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 289.61 % bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Pop Also
The Form D signed by Hayes Drumwright might help Pop, 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.