Form D Filing: Lamoni Hotel Group $850000 Fundraising. William Morain Released Oct 11 Form D


Lodging and Conventions Lamoni Hotel Group, Llc - William Morain

Lamoni Hotel Group Financing

Lamoni Hotel Group, Llc, Limited Liability Company just released form D regarding $850,000 equity financing. This is a new filing. Lamoni Hotel Group, Llc is expected to finance itself with $850,000 in this offering. The total private financing amount was $850,000. This form was filed on 2016-10-11. The reason for the financing was: unspecified. 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.

Lamoni Hotel Group is based in Alabama. The company’s business is Lodging and Conventions. The SEC form was submitted by William Morain Partner. The company was incorporated in 2016. The filler’s address is: 901 West Main Street, Lamoni, Ia, Iowa, 50140. William Morain is the related person in the form and it has address: 901 West Main Street, Lamoni, Ia, Iowa, 50140. Link to Lamoni Hotel Group Filing: 000168710316000001.

Analysis of Lamoni Hotel Group Offering

On average, companies in the Lodging and Conventions sector, sell 27.00% of the total offering amount. Lamoni Hotel Group sold 0.00% of the offering. The fundraising is still open. The average investment floor size for companies in the Lodging and Conventions industry is $693,000. The offering was 100.00% smaller than the average of $693,000. Of course this should not be seen as negative. Startups get financed for different reasons and needs. The minimum investment for this financing was 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 Lamoni Hotel Group Also

The Form D signed by William Morain might help Lamoni Hotel Group, 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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