Loftsmart $12.90 million Financing. Samuel W Bernstein Released Jun 18 Form D

June 18, 2018 - By Migdalia James

Loftsmart Financing

Loftsmart, Inc., Corporation just filed form D for $12.90 million equity financing. This is a new filing. Loftsmart was able to finance itself with $12.90 million. That is 100.00 % of the offering. The total private financing amount was $12.90 million. The offering form was filed on 2018-06-18. The reason for the financing was: unspecified.

Loftsmart is based in New York. The firm’s business is Other Technology. The SEC form was submitted by Samuel W Bernstein President & CEO. The company was incorporated in 2015. The filler’s address is: 43 Crosby Fl 4, New York, Ny, New York, 10012. Samuel Weaver Bernstein is the related person in the form and it has address: C/O Loftsmart, Inc., 43 Crosby, Fl 4, New York, Ny, New York, 10013. Link to Loftsmart Filing: 000165698418000002.

Analysis of Loftsmart Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering size. Loftsmart sold 100.00 % of the offering. Could this mean that the trust in Loftsmart is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 737.66 % bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Loftsmart Also

The Form D signed by Samuel W Bernstein might help Loftsmart, 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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