Bolay 5 Investors Financing
Bolay 5 Investors, Llc, Limited Liability Company just filed form D for $4.00 million equity financing. This is a new filing. Bolay 5 Investors was able to finance itself with $571,427 so far. That is 14.29% of the offering. The total financing amount was $4.00 million. The financing form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $3.43 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bolay 5 Investors is based in Alabama. The company’s business is Restaurants. The D form was signed by Christopher T Gannon Manager. The company was incorporated in 2016. The filler’s address is: 625 North Flagler Drive, Suite 402, West Palm Beach, Fl, Florida, 33401. Christopher T Gannon is the related person in the form and it has address: 625 N. Flagler Drive, Suite 402, West Palm Beach, Fl, Florida, 33401. Link to Bolay 5 Investors Filing: 000168657916000001.
Analysis of Bolay 5 Investors Offering
On average, firms in the Restaurants sector, sell 99.00% of the total offering amount. Bolay 5 Investors sold 14.29% of the offering. The financing is still open. The average fundraising amount for companies in the Restaurants industry is $302,000. The total amount raised is 89.21% bigger than the average for companies in the Restaurants sector. The minimum investment for this fundraising is set at $0. 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 Bolay 5 Investors Also
The Form D signed by Christopher T Gannon might help Bolay 5 Investors, 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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