Dart Financial Financing
Dart Financial Corp, Corporation just filed form D announcing $309,744 equity financing. The date of first sale was 2013-10-28. Dart Financial was able to finance itself with $309,744. That is 100.00% of the fundraising offer. The total fundraising amount was $309,744. The form was filed on 2016-10-11. The reason for the financing was: Issuer is offering holders of the Issuer’s common stock the right to purchase additional shares of the Issuer’s common stock pursuant to a dividend reinvestment plan..
Dart Financial is based in Michigan. The company’s business is Commercial Banking. The form D was signed by Peter Kubacki President & CEO. The company was incorporated more than five years ago. The filler’s address is: 368 South Park Street, Mason, Mi, Michigan, 48854. Peter A. Kubacki is the related person in the form and it has address: 368 South Park Street, Mason, Mi, Michigan, 48854. Link to Dart Financial Filing: 000158998416000002.
Analysis of Dart Financial Offering
On average, firms in the Commercial Banking sector, sell 44.00% of the total offering size. Dart Financial sold 100.00% of the offering. Could this mean that the trust in Dart Financial is high? The average investment floor size for companies in the Commercial Banking industry is $2.90 million. The offering was 89.32% smaller than the average of $2.90 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising was 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 Dart Financial Also
The Form D signed by Peter Kubacki might help Dart Financial 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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