Plastomics $2.25 million Fundraising. Sharon Berberich Submitted May 8 Filing

Plastomics Financing

Plastomics Inc., Corporation just filed form D regarding $2.25 million debt financing. The date of first sale was 2017-12-04. Plastomics was able to fundraise $2.03 million. That is 90.16 % of the fundraising offer. The total fundraising amount was $2.25 million. The offering form was filed on 2019-05-08. The reason for the financing was: unspecified. The fundraising still has about $221,374 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Plastomics is based in Missouri. The company’s business is Agriculture. The form D was submitted by Sharon Berberich Chief Executive Officer. The company was incorporated in 2017. The filler’s address is: 1100 Corporate Square Drive, St. Louis, Mo, Missouri, 63132. Sharon Berberich is the related person in the form and it has address: C/O Plastomics Inc., 1100 Corporate Square Drive, St. Louis, Mo, Missouri, 63132. Link to Plastomics Filing: 000095013819000277.

Analysis of Plastomics Offering

On average, companies in the Agriculture sector, sell 63.30 % of the total offering amount. Plastomics sold 90.16 % of the offering. The financing is still open. Could this mean that the trust in Plastomics is high? The average offering amount for companies in the Agriculture industry is $287,000. The total amount raised is 606.84 % bigger than the average for companies in the Agriculture sector. The minimum investment for this financing is set at $0. If you know more about the reasons for the financing, 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 Plastomics Also

The Form D signed by Sharon Berberich might help Plastomics 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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