Citelighter, Inc., Corporation just filed form D because of $1.50 million debt financing. This is a new filing. Citelighter was able to sell $731,574 so far. That is 48.77% of the offering. The total private financing amount was $1.50 million. The offering form was filed on 2015-09-11. The reason for the financing was: unspecified. The fundraising still has about $768,426 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Citelighter is based in Maryland. The firm’s business is not disclosed. The form D was signed by Robert Lee Jokl III Co-Founder and Chief Operating Officer. The company was incorporated in 2011. The filler’s address is: 1111 Light Street, 4Th Floor, Baltimore, Md, Maryland, 21230. Mohammed Saad Alam is the related person in the form and it has address: C/O Citelighter, Inc., 1111 Light Street, 4Th Floor, Baltimore, Md, Maryland, 21230. Link to Citelighter Filing: 000159588115000002.
Analysis of Citelighter Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Citelighter sold 48.77% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 76.01% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, please comment below.