Liberty Skis Financing
Liberty Skis Corp, Corporation just filed form D because of $3.50 million equity financing. This is a new filing. Liberty Skis was able to fundraise $600,000 so far. That is 17.14% of the financing offer. The total private offering amount was $3.50 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $2.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Liberty Skis is based in Colorado. The filler’s business is Retailing. The D form was filed by James Satloff Chairman. The company was incorporated more than five years ago. The filler’s address is: Box 4555, Avon, Co, Colorado, 81620. James Satloff is the related person in the form and it has address: Box 4555, Avon, Co, Colorado, 81620. Link to Liberty Skis Filing: 000168697916000001.
Analysis of Liberty Skis Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering amount. Liberty Skis sold 17.14% of the offering. The financing is still open. The average investment offering size for companies in the Retailing industry is $45,600. The total amount raised is 1,215.79% bigger than the average for companies in the Retailing 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 Liberty Skis Also
The Form D signed by James Satloff might help Liberty Skis Corp’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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