Polarx $490000 Financing. Ian Cunningham Published Aug 10 D Form

August 10, 2018 - By Mary Kidd

Polarx Financing

Polarx Ltd, Corporation just filed form D because of $490,000 equity financing. This is a new filing. Polarx was able to finance itself with $490,000. That is 100.00 % of the offering. The total offering amount was $490,000. The fundraising form was filed on 2018-08-10. The reason for the financing was: unspecified.

Polarx is based in Australia. The company’s business is not disclosed. The SEC form was signed by Ian Cunningham Corporate Secretary. The company was incorporated in 2016. The filler’s address is: Suite 1, 245 Churchill Avenue, Subiaco, C3, Australia, 6008. Charles Frazer Tabeart is the related person in the form and it has address: Suite 1, 245 Churchill Avenue, Subiaco, C3, Australia, 6008. Link to Polarx Filing: 000174043318000002.

Analysis of Polarx Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Polarx sold 100.00 % of the offering. Could this mean that the trust in Polarx is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 83.93 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $36000. 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 Polarx Also

The Form D signed by Ian Cunningham might help Polarx Ltd’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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.