Maine Grains Financing
Maine Grains, Inc., Corporation just released form D regarding $782,550 equity financing. This is a new filing. Maine Grains was able to sell $616,499 so far. That is 78.78% of the financing offer. The total offering amount was $782,550. The financing document was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $166,051 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Maine Grains is based in Maine. The filler’s business is Manufacturing. The SEC form was filed by Amber Lambke President. The company was incorporated more than five years ago. The filler’s address is: 42 Court Street, Skowhegan, Me, Maine, 04976. Amber Lambke is the related person in the form and it has address: C/O Maine Grains, Inc., 42 Court Street, Skowhegan, Me, Maine, 04976. Link to Maine Grains Filing: 000155010716000002.
Analysis of Maine Grains Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering size. Maine Grains sold 78.78% of the offering. The financing is still open. Could this mean that the trust in Maine Grains is high? The average offering amount for companies in the Manufacturing industry is $763,000. The offering was 19.20% smaller than the average of $763,000. Of course this should not be seen as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering was 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 Maine Grains Also
The Form D signed by Amber Lambke might help Maine Grains, Inc.’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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