Rfxcel $30.00 million Fundraising. Glenn Abood Published Aug 10 Form D

August 10, 2017 - By Hazel Jackson

Rfxcel Financing

Rfxcel Corp, Corporation just released form D because of $30.00 million equity financing. This is a new filing. Rfxcel was able to finance itself with $27.17 million. That is 90.56 % of the financing round. The total financing amount was $30.00 million. The private financing document was filed on 2017-08-10. The reason for the financing was: Amount shown will be paid to executive officers to redeem shares of capital stock. In addition, a portion of the proceeds may be used for salary and bonus compensation to executive officers in the future, in amounts that cannot currently be estimated.. The fundraising still has about $2.83 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rfxcel is based in California. The company’s business is Computers. The form D was signed by Glenn Abood President. The company was incorporated more than five years ago. The filler’s address is: 12667 Alcosta Blvd., Suite 375, San Ramon, Ca, California, 94583. Glenn Abood is the related person in the form and it has address: 12667 Alcosta Blvd., Suite 375, San Ramon, Ca, California, 94583. Link to Rfxcel Filing: 000133557717000004.

Analysis of Rfxcel Offering

On average, companies in the Computers sector, sell 85.30 % of the total offering amount. Rfxcel sold 90.56 % of the offering. The fundraising is still open. Could this mean that the trust in Rfxcel is high? The average investment floor size for companies in the Computers industry is $130,000. The total amount raised is 20,797.69 % bigger than the average for companies in the Computers sector. The minimum investment for this financing was set at $27000000. 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 Rfxcel Also

The Form D signed by Glenn Abood might help Rfxcel Corp’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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