Xanitos $3.17 million Financing. Graeme A Crothall Released Sep 14 SEC form

September 14, 2018 - By Jason Grubb

Xanitos Financing

Xanitos Inc, Corporation just submitted form D for $3.17 million equity and debt financing. This is a new filing. Xanitos was able to sell $2.17 million so far. That is 68.49 % of the fundraising. The total offering amount was $3.17 million. This form was filed on 2018-09-14. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Xanitos is based in Pennsylvania. The firm’s business is Business Services. The form was submitted by Graeme A Crothall Director and Executive Chairman. The company was incorporated more than five years ago. The filler’s address is: 3809 West Chester Pike, Suite 210, Newtown Square, Pa, Pennsylvania, 19073. Graeme A. Crothall is the related person in the form and it has address: C/O Xanitos, Inc., 3809 West Chester Pike, Suite 210, Newtown Square, Pa, Pennsylvania, 19073. Link to Xanitos Filing: 000142845118000002.

Analysis of Xanitos Offering

On average, companies in the Business Services sector, sell 69.04 % of the total offering amount. Xanitos sold 68.49 % of the offering. The financing is still open. The average financing size for companies in the Business Services industry is $583,000. The total amount raised is 272.90 % bigger than the average for companies in the Business Services sector. The minimum investment for this offering 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 Xanitos Also

The Form D signed by Graeme A Crothall might help Xanitos 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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