Gmi-Bwi, Lp, Limited Partnership just submitted form D for $7.44 million equity financing. The date of first sale was 2016-07-27. Gmi-Bwi was able to fundraise $6.39 million. That is 85.91% of the offering. The total private financing amount was $7.44 million. The financing document was filed on 2016-10-11. The reason for the financing was: In addition, broker dealers will share in a portion of the issuer distributions, and issuer may pay or reimburse to broker dealers certain marketing and other expenses, and may pay an additional 0.3% non-accountable marketing allowance. The fundraising still has about $1.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Gmi-Bwi is based in Texas. The filler’s business is Lodging and Conventions. The D form was signed by William P Glass Manager, GMI-BWI GP, LLC, general partner of the issuer. The company was incorporated in 2016. The filler’s address is: 251 O?Connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. William Glass is the related person in the form and it has address: 251 O’connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. Link to Gmi-Bwi Filing: 000168148416000007.
Analysis of Gmi-Bwi Offering
On average, firms in the Lodging and Conventions sector, sell 27.00% of the total offering size. Gmi-Bwi sold 85.91% of the offering. The fundraising is still open. Could this mean that the trust in Gmi-Bwi is high? The average investment offering size for companies in the Lodging and Conventions industry is $693,000. The total amount raised is 822.20% bigger than the average for companies in the Lodging and Conventions sector. The minimum investment for this offering is 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 Gmi-Bwi Also
The Form D signed by William P Glass might help Gmi-Bwi, Lp’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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.