Arctrust, Inc., Corporation just had published form D regarding $40.00 million equity financing. The date of first sale was 2016-02-01. Arctrust was able to finance itself with $26.70 million so far. That is 66.75% of the financing round. The total financing amount was $40.00 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $13.30 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Arctrust is based in New Jersey. The company’s business is REITS and Finance. The form D was signed by Gary S Baumann Esq Secretary. The company was incorporated more than five years ago. The filler’s address is: 1401 Broad Street, Clifton, Nj, New Jersey, 07013. Robert Joseph Ambrosi is the related person in the form and it has address: 100 Sunrise Avenue, Apt. 202, Palm Beach, Fl, Florida, 33480. Link to Arctrust Filing: 000148097016000010.
Analysis of Arctrust Offering
On average, companies in the REITS and Finance sector, sell 56.00% of the total offering amount. Arctrust sold 66.75% of the offering. The financing is still open. Could this mean that the trust in Arctrust is high? The average financing size for companies in the REITS and Finance industry is $988,700. The total amount raised is 2,600.52% bigger than the average for companies in the REITS and Finance sector. The minimum investment for this offering was set at $5000. If you know more about the reasons for the fundraising, 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 Arctrust Also
The Form D signed by Gary S Baumann Esq might help Arctrust, 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.
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