Lush Budgett Financing
Lush Budgett Llc, Limited Liability Company just had published form D because of $200,000 equity financing. This is a new filing. Lush Budgett was able to fundraise $175,000. That is 87.50% of the fundraising offer. The total offering amount was $200,000. The private financing document was filed on 2016-10-04. The reason for the financing was: Gerard Alessandrini, one of the Managing Members of the Company, will receive a fee of $6,314.00 and an advance against royalties of $4,095.00 for his services as the theatrical director of the live musical show that the Company is producing Off Broadway.. The fundraising still has about $25,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Lush Budgett is based in California. The firm’s business is not disclosed. The form was filed by Peter Breger General Counsel. The company was incorporated in 2016. The filler’s address is: C/O Gindi Theatrical Mgmt, 180 West 93Rd Street, #3E, New York, Ny, New York, 10025. John Freedson is the related person in the form and it has address: 215 Mayhew Drive, South Orange, Nj, New Jersey, 10024. Link to Lush Budgett Filing: 000168632116000002.
Analysis of Lush Budgett Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Lush Budgett sold 87.50% of the offering. The fundraising is still open. Could this mean that the trust in Lush Budgett is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 94.26% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is set at $25000. 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 Lush Budgett Also
The Form D signed by Peter Breger might help Lush Budgett Llc’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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