Whitsett Holdings Financing
Whitsett Holdings, Llc, Limited Liability Company just submitted form D because of $1.50 million equity financing. This is a new filing. Whitsett Holdings was able to fundraise $1.50 million. That is 100.00% of the offering. The total fundraising amount was $1.50 million. The private financing document was filed on 2016-10-11. The reason for the financing was: unspecified.
Whitsett Holdings is based in Alabama. The company’s business is Commercial. The form D was filed by Chris Rubino Attorney of Issuer. The company was incorporated in 2016. The filler’s address is: 1585 Mallory Lane, Suite 202, Brentwood, Tn, Tennessee, 37027. Tim King is the related person in the form and it has address: 3208 Windwood Lane, Franklin, Tn, Tennessee, 37064. Link to Whitsett Holdings Filing: 000168705516000001.
Analysis of Whitsett Holdings Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Whitsett Holdings sold 100.00% of the offering. Could this mean that the trust in Whitsett Holdings is high? The average offering size for companies in the Commercial industry is $1.60 million. The offering was 6.25% smaller than the average of $1.60 million. Of course this should not be taken as negative. Firms raise funds for different reasons and needs. The minimum investment for this financing was set at $100000. 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 Whitsett Holdings Also
The Form D signed by Chris Rubino might help Whitsett Holdings, 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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