Five Star Storage Holdings Financing
Five Star Storage Holdings, L.P., Limited Partnership just submitted form D for $5.00 million equity financing. This is a new filing. Five Star Storage Holdings was able to fundraise $3.60 million so far. That is 72.00% of the fundraising. The total financing amount was $5.00 million. The form was filed on 2016-10-10. The reason for the financing was: unspecified. The fundraising still has about $1.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Five Star Storage Holdings is based in North Dakota. The firm’s business is not disclosed. The form D was submitted by Jacob C Hendricks President. The company was incorporated in 2016. The filler’s address is: 3255 43Rd Street South, Fargo, Nd, North Dakota, 58104. Five Star Gp, Llc is the related person in the form and it has address: 3255 43Rd Street South, Fargo, Nd, North Dakota, 58104. Link to Five Star Storage Holdings Filing: 000120919116145491.
Analysis of Five Star Storage Holdings Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Five Star Storage Holdings sold 72.00% of the offering. The fundraising is still open. Could this mean that the trust in Five Star Storage Holdings is high? The average offering size for companies in all industries in our database is $3.05 million. The total amount raised is 18.03% bigger than the average for companies in the database. The minimum investment for this financing 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 Five Star Storage Holdings Also
The Form D signed by Jacob C Hendricks might help Five Star Storage Holdings, L.P.’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.