Zero Card Financing
Zero Card, Inc., Corporation just released form D about $7.15 million equity financing. This is a new filing. Zero Card was able to finance itself with $7.15 million. That is 100.00 % of the financing offer. The total private offering amount was $7.15 million. The form was filed on 2019-12-04. The reason for the financing was: Total amount sold includes the conversion of Convertible Promissory Notes.
Zero Card is based in Oklahoma. The firm’s business is Other Health Care. The SEC form was filed by James Millaway President. The company was incorporated in 2017. The filler’s address is: 1325 E. 15Th Street, Suite 202, Tulsa, Ok, Oklahoma, 74120. James Millaway is the related person in the form and it has address: C/O The Zero Card, Inc., 1325 E. 15Th Street, Suite 202, Tulsa, Ok, Oklahoma, 74120. Link to Zero Card Filing: 000170772719000002.
Analysis of Zero Card Offering
On average, companies in the Other Health Care sector, sell 68.60 % of the total offering amount. Zero Card sold 100.00 % of the offering. Could this mean that the trust in Zero Card is high? The average financing size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 516.44 % bigger than the average for companies in the Other Health Care 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 Zero Card Also
The Form D signed by James Millaway might help Zero Card, 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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