Luxor Industrial /Fi Financing
Luxor Industrial Corp /Fi, Corporation just submitted form D announcing $173,632 equity financing. This is a new filing. Luxor Industrial /Fi was able to fundraise $173,632. That is 100.00% of the fundraising offer. The total fundraising amount was $173,632. This form was filed on 2016-10-11. The reason for the financing was: CDN$225,000 based on the Bank of Canada exchange rate of 0.7717 on July 6, 2016..
Luxor Industrial /Fi is based in British Columbia – Canada. The filler’s business is not disclosed. The form was submitted by Terrence Lashman President. The company was incorporated more than five years ago. The filler’s address is: Suite 702 889 West Pender Street, Vancouver, A1, British Columbia, Canada, V6c 3B2. Terrence Lashman is the related person in the form and it has address: 702 – 889 West Pender Street, Vancouver, A1, British Columbia, Canada, V6c 3B2. Link to Luxor Industrial /Fi Filing: 000108503716000349.
Analysis of Luxor Industrial /Fi Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Luxor Industrial /Fi sold 100.00% of the offering. Could this mean that the trust in Luxor Industrial /Fi is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 94.31% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising 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 Luxor Industrial /Fi Also
The Form D signed by Terrence Lashman might help Luxor Industrial Corp /Fi’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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