Fitplan Technologies $2.15 million Financing. Landon Hamilton Released May 16 form D

May 17, 2018 - By Jimmy Baldridge

Fitplan Technologies Financing

Fitplan Technologies Inc, Corporation just released form D about $2.15 million equity financing. The date of first sale was 2018-05-02. Fitplan Technologies was able to sell $2.15 million. That is 100.00 % of the fundraising. The total private offering amount was $2.15 million. The private financing document was filed on 2018-05-16. The reason for the financing was: Mr. Pangborn received US$108,750 in cash. He also received 87,200 warrants of the Issuer. Each warrant is exercisable into one common share of the Issuer at an exercise price of US$1.25 per warrant..

Fitplan Technologies is based in British Columbia – Canada. The firm’s business is Other Technology. The form was submitted by Landon Hamilton Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: #201 – 1062 Homer Street, Vancouver, A1, British Columbia, Canada, V6b2w9. Landon Hamilton is the related person in the form and it has address: 330 – 1783 Manitoba Street, Vancouver, A1, British Columbia, Canada, V5y0h8. Link to Fitplan Technologies Filing: 000173933518000002.

Analysis of Fitplan Technologies Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Fitplan Technologies sold 100.00 % of the offering. Could this mean that the trust in Fitplan Technologies is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 39.61 % bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $25000. 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 Fitplan Technologies Also

The Form D signed by Landon Hamilton might help Fitplan Technologies 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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