Notable Systems $1.75 million Fundraising. John J Huggins Released Apr 17 SEC Filing

April 17, 2018 - By Migdalia James

Notable Systems Financing

Notable Systems, Inc., Corporation just submitted form D about $1.75 million debt financing. The date of first sale was 2017-08-01. Notable Systems was able to sell $828,679 so far. That is 47.35 % of the fundraising. The total private financing amount was $1.75 million. The fundraising form was filed on 2018-04-17. The reason for the financing was: unspecified. The fundraising still has about $921,321 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Notable Systems is based in Colorado. The company’s business is Other Health Care. The SEC form was submitted by John J Huggins President. The company was incorporated in 2015. The filler’s address is: 3001 Brighton Blvd., Suite 353, Denver, Co, Colorado, 80216. John J Huggins is the related person in the form and it has address: 3001 Brighton Blvd., Suite 353, Denver, Co, Colorado, 80216. Link to Notable Systems Filing: 000167755518000001.

Analysis of Notable Systems Offering

On average, startups in the Other Health Care sector, sell 68.60 % of the total offering amount. Notable Systems sold 47.35 % of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Health Care industry is $1.16 million. The offering was 28.56 % smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this offering was set at $5000. 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 Notable Systems Also

The Form D signed by John J Huggins might help Notable Systems, 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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