Traitware Fundraising
A form D was published by Traitware Inc., Corporation regarding $2.00 million debt financing. This is a new filing. Traitware sold $300,000 or 15.00 % of the offering.In total it’s $2.00 million. On 2019-03-27 the document was published and the reason was: unspecified. The fundraising still has about $1.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Traitware is based in California. The company works in the Other Technology business. The person that signed the SEC form was Mark McCormick Paralegal. The company was incorporated more than five years ago. The filler’s address is: 104 New Mohawk Road, Nevada City, Ca, California, 95959. Heath Spencer is the related person in the form and it has address: 104 New Mohawk Road, Nevada City, Ca, California, 95959. Link to Traitware Filing: .
Traitware Offering Details
The firms in the Other Technology sector sell on avg 85.80 % of their offerings size. Traitware have sold 15.00 % so far. The fundraising is still open. Also companies in the Other Technology industry have an avg investment offering size of $1.54 million.That’s 80.52 % smaller than the average. Of course this should not be seen as negative. Businesses get financed for different needs and reasons.As for minimum investment it is required at $15000.
Form D – advantages and disadvantages
Usually Form D fillings have information that ventures and startups don’t like revealing. More precisely they reveal plans and reasons for funds raising. On other hand this could help understand better your competitors.
Traitware ‘s pluses of Fundraising Reporting
The Form D signed by Mark McCormick might help Traitware Inc. as clients feel much more safe to work with a better financed firm. Chances are high that Traitware Inc. will stay financially sound. There are good PR effects as well as more attention from angels venture-capital, firms and funds.
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