By OCTA Finance

Polaris Armor, Inc., Corporation just submitted form D because of $20.00 million financing. Polaris Armor, Inc. is expected to sell $20.00 million in this fundraising. The total private offering amount was $20.00 million. The financing form was filled on 2015-05-04. The reason for the financing was: unspecified. The fundraising still has about $20.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Polaris Armor is based in Cayman Islands. The company’s business is Manufacturing. The D form was signed by JEREMY SELLERS CHIEF EXECUTIVE OFFICER. The company was incorporated in 2014. The filler’s address is: 36A, 1 Cayman Financial Centre, Dr. Roys Drive, George Town, E9, Cayman Islands, Ky1-1104. Jeremy Sellers is the related person in the form and it has address: 36A, 1 Cayman Financial Centre, Dr. Roys Drive, George Town, E9, Cayman Islands, Ky1-1104.

Analysis of Polaris Armor Offering

On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Polaris Armor sold 0.00% of the offering. The fundraising is still open. The average offering amount for companies in the Manufacturing industry is $763,000. The offering was 100.00% smaller than the average of $763,000. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $100000. 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 Polaris Armor Also

Despite JEREMY SELLERS’s reporting disadvantages, Polaris Armor, Inc. could benefit from this reporting. 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.

IMAGE: Manufacturing Polaris Armor, Inc. – JEREMY SELLERS

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