Boardwalk Energy Financing
Boardwalk Energy, Corporation just released form D announcing $35,000 equity financing. This is a new filing. Boardwalk Energy was able to finance itself with $35,000. That is 100.00% of the financing offer. The total offering amount was $35,000. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified.
Boardwalk Energy is based in Alabama. The filler’s business is Oil and Gas. The SEC form was submitted by JACOB HERRERA CEO. The company was incorporated in 2016. The filler’s address is: 2000 E Lamar Blvd Suite 600, Arlington, Tx, Texas, 76006. Jacob Herrera is the related person in the form and it has address: 2000 E Lamar Blvd Suite 600, Arlington, Tx, Texas, 76006. Link to Boardwalk Energy Filing: 000168619716000002.
Analysis of Boardwalk Energy Offering
On average, companies in the Oil and Gas sector, sell 13.77% of the total offering amount. Boardwalk Energy sold 100.00% of the offering. Could this mean that the trust in Boardwalk Energy is high? The average investment offering size for companies in the Oil and Gas industry is $227,000. The offering was 84.58% smaller than the average of $227,000. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing was set at $10000. 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 Boardwalk Energy Also
The Form D signed by JACOB HERRERA might help Boardwalk Energy’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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