Ri Funding Group Form D
The Rhode Island-based Ri Funding Group, Llc released FormD because of $20.00 million offering. The date of first sale was 2015-09-23. The Limited Liability Company raised $500,000 so far. That is 2.50% of the $20.00 million offering. The total offering amount was $20.00 million. The offering filing was filed on 2016-10-06. Ri Funding Group, Llc’s clarification was: The persons named in Item 3 will receive no payments from offering proceeds directly, but will receive a fee equal to 5.5% of the project development expenses. The estimated fee is listed above.. The offering has $19.50 million left to be raised and is still open.
Ri Funding Group is based in Rhode Island. The company’s business is Manufacturing. The D form was filed by John Cronin Manager. The company was incorporated in 2014. The filler’s address is: 30 Plan Way, Warwick, Ri, Rhode Island, 02886. Ri Eb-5 Regional Center, Inc. is the related person in the form and it has address: 30 Plan Way, Warwick, Ri, Rhode Island, 02886. Link to Ri Funding Group Filing: 000165519216000002.
Analysis of Ri Funding Group Offering
On average, firms in the Manufacturing sector, sell 59.50% investment fund interests. Ri Funding Group sold 2.50% of the offering. The average investment size is $763,000 for companies in the Manufacturing industry sector. The total amount raised is 34.47% smaller than the average for companies in the Manufacturing sector.
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