Trackstreet $1.00 million Financing. Andrew Schydlowsky Filed Jul 17 Form D

July 18, 2017 - By Nellie Frank

Trackstreet Financing

Trackstreet, Inc., Corporation just had published form D for $1.00 million debt financing. The date of first sale was 2017-05-10. Trackstreet was able to finance itself with $340,000 so far. That is 34.00 % of the fundraising offer. The total private financing amount was $1.00 million. The financing document was filed on 2017-07-17. The reason for the financing was: unspecified. The fundraising still has about $660,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trackstreet is based in Alabama. The firm’s business is not disclosed. The SEC form was submitted by Andrew Schydlowsky CEO. The company was incorporated in 2016. The filler’s address is: 9811 W. Charleston Blvd.,, Las Vegas, Nv, Nevada, 89117. Andrew Schydlowsky is the related person in the form and it has address: 9811 W. Charleston Blvd.,, Las Vegas, Nv, Nevada, 89117. Link to Trackstreet Filing: 000167192217000005.

Analysis of Trackstreet Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering size. Trackstreet sold 34.00 % of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 88.85 % smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering 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 Trackstreet Also

The Form D signed by Andrew Schydlowsky might help Trackstreet, 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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