Shelter Distilling Financing
Shelter Distilling, Inc., Corporation just had published form D announcing $1.20 million equity financing. This is a new filing. Shelter Distilling was able to sell $915,000 so far. That is 76.33% of the financing offer. The total financing amount was $1.20 million. The private financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $283,800 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Shelter Distilling is based in California. The company’s business is not disclosed. The form was filed by Matthew Hammer President. The company was incorporated in 2016. The filler’s address is: 3343 Main Street, Ste. F, Mammoth Lakes, Ca, California, 93546. Matthew Hammer is the related person in the form and it has address: 3343 Main Street, Ste. F, Po Box 7120, Mammoth Lakes, Ca, California, 93546. Link to Shelter Distilling Filing: 000168428316000001.
Analysis of Shelter Distilling Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Shelter Distilling sold 76.33% of the offering. The financing is still open. Could this mean that the trust in Shelter Distilling is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 70.00% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for different 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 Shelter Distilling Also
The Form D signed by Matthew Hammer might help Shelter Distilling, 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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