Form D Watching: Sun Coffee Roasters $600000 Financing. Keith Lemnios Filed Sep 30 SEC form

Sun Coffee Roasters Llc - Keith Lemnios

Sun Coffee Roasters Financing

Sun Coffee Roasters Llc, Limited Liability Company just filed form D announcing $600,000 equity financing. This is a new filing. Sun Coffee Roasters was able to finance itself with $525,000. That is 87.50% of the financing round. The total financing amount was $600,000. The offering form was filed on 2016-09-30. The reason for the financing was: unspecified. The fundraising still has about $75,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Sun Coffee Roasters is based in Connecticut. The firm’s business is not disclosed. The SEC form was filed by Keith Lemnios President of Issuer. The company was incorporated more than five years ago. The filler’s address is: 45 Northwest Drive, Plainville, Ct, Connecticut, 06062. Keith Lemnios is the related person in the form and it has address: C/O Sun Coffee Roasters Llc, 45 Northwest Drive, Plainville, Ct, Connecticut, 06062. Link to Sun Coffee Roasters Filing: 000145671116000002.

Analysis of Sun Coffee Roasters Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Sun Coffee Roasters sold 87.50% of the offering. The fundraising is still open. Could this mean that the trust in Sun Coffee Roasters is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 82.79% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for different needs and reasons. The minimum investment for this fundraising 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 Sun Coffee Roasters Also

The Form D signed by Keith Lemnios might help Sun Coffee Roasters 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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