625% of the money raised went to insiders — Stavatti Aerospace Ltd
The Nov 25, 2024 Form D reports $80,000 sold and $500,000 of the proceeds used for payments to officers, directors or promoters (marked as an estimate). Issuer's note: "Of the persons identified as officers, directors or promotors in response to Item 3 the amount of gross proceeds that is proposed to be paid in the form of salary is an estimated $500,000.".
What this means The filing reports how much of the money raised was paid to insiders. Over 10% is high for most deals. Ask what it paid for.
Sources
- Form D · Nov 25, 2024 ↗ (Nov 25, 2024)
- Stavatti Aerospace Ltd — PartnerFacts page ↗ (Jun 16, 2026)