Graphite One $2.92 million Fundraising. W Alan Ahlgren Published May 17 Form D

Graphite One Financing

Graphite One Inc., Corporation just released form D announcing $2.92 million equity financing. The date of first sale was 2019-04-22. Graphite One was able to fundraise $1.46 million so far. That is 50.00 % of the round of financing. The total private offering amount was $2.92 million. The financing form was filed on 2019-05-17. The reason for the financing was: (c) represents potential exercise of warrants issued to U.S. investor. The fundraising still has about $1.46 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Graphite One is based in British Columbia – Canada. The company’s business is not disclosed. The form was signed by W Alan Ahlgren Chief Financial Officer & Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: 777 Hornby Street, Suite 600, Vancouver, A1, British Columbia, Canada, V6z 1S4. Anthony Huston is the related person in the form and it has address: 777 Hornby Street, Suite 600, Vancouver, A1, British Columbia, Canada, V6z 1S4. Link to Graphite One Filing: 000156761919011574.

Analysis of Graphite One Offering

On average, companies in the not disclosed sector, sell 67.77 % of the total offering amount. Graphite One sold 50.00 % of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 52.13 % smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. The minimum investment for this offering was 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 Graphite One Also

The Form D signed by W Alan Ahlgren might help Graphite One 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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