Mesa Reno Financing
Mesa Reno, Llc, Limited Liability Company just filed form D because of $1.50 million equity financing. This is a new filing. Mesa Reno was able to sell $650,000 so far. That is 43.33% of the offering. The total private offering amount was $1.50 million. This form was filed on 2016-10-04. The reason for the financing was: Funds from the sale of this security will be combined with existing owner capital and bank loan to fund both construction costs and operating expenses, including payments of executive officers employed or consulting for the Issuer.. The fundraising still has about $850,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mesa Reno is based in California. The firm’s business is not disclosed. The D form was signed by Marlowe Kulley Managing Member. The company was incorporated in 2015. The filler’s address is: 1014 Harvard Way, Reno, Nv, Nevada, 89502. Robert Kain is the related person in the form and it has address: 6520 Mesa Norte Dr, San Diego, Ca, California, 92130. Link to Mesa Reno Filing: 000168541916000002.
Analysis of Mesa Reno Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Mesa Reno sold 43.33% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 78.69% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups get financed for different needs and reasons. The minimum investment for this financing is set at $25000. 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 Mesa Reno Also
The Form D signed by Marlowe Kulley might help Mesa Reno, 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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