Form D Penn Haven $1.00 million Financing. Ashley Demland Filed Oct 4 SEC Form

Penn Haven Llc - Ashley Demland

Penn Haven Financing

Penn Haven Llc, Limited Liability Company just filed form D for $1.00 million debt financing. This is a new filing. Penn Haven was able to fundraise $25,000 so far. That is 2.50% of the fundraising offer. The total fundraising amount was $1.00 million. The form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $975,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Penn Haven is based in Alabama. The filler’s business is not disclosed. The SEC form was submitted by Ashley Demland Power of Attorney. The company was incorporated in 2015. The filler’s address is: 36 Foskett Street, Apt. 2, Somerville, Ma, Massachusetts, 02144. John Earle Holsapple is the related person in the form and it has address: 36 Foskett St., Apt. 2, Somerville, Ma, Massachusetts, 02144. Link to Penn Haven Filing: 000167778616000002.

Analysis of Penn Haven Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Penn Haven sold 2.50% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 99.18% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this offering was set at $0. 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 Penn Haven Also

The Form D signed by Ashley Demland might help Penn Haven 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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