Cycle Aviation Financing
Cycle Aviation, Inc., Corporation just submitted form D about $800,000 equity financing. This is a new filing. Cycle Aviation was able to finance itself with $250,000 so far. That is 31.25% of the financing round. The total private financing amount was $800,000. The form was filed on 2016-07-26. The reason for the financing was: Issuer determined to close the Offering effective July 14, 2016 and will not sell additional securities pursuant to this Offering.. The fundraising still has about $550,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cycle Aviation is based in Virginia. The filler’s business is Other Travel. The D form was signed by Mark Granger President. The company was incorporated in 2016. The filler’s address is: 1005 Sycolin Road, Se, Leesburg, Va, Virginia, 20175. Mark Granger is the related person in the form and it has address: 1211 South Fork Dr, Front Royal, Va, Virginia, 22630. Link to Cycle Aviation Filing: 000167986716000001.
Analysis of Cycle Aviation Offering
On average, companies in the Other Travel sector, sell 73.00% of the total offering size. Cycle Aviation sold 31.25% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Travel industry is $518,000. The offering was 51.74% smaller than the average of $518,000. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising was set at $50000. 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 Cycle Aviation Also
The Form D signed by Mark Granger might help Cycle Aviation, 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.