Pruneyard Cinemas Financing
Pruneyard Cinemas, Llc, Limited Liability Company just had published form D regarding $1.35 million equity financing. This is a new filing. Pruneyard Cinemas was able to sell $675,000 so far. That is 50.00% of the offering. The total private offering amount was $1.35 million. The financing form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $675,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pruneyard Cinemas is based in California. The filler’s business is not disclosed. The D form was signed by Ed Rathmann Manager. The company was incorporated in 2015. The filler’s address is: Riverpark Towers, 333 West San Carlos St, Suite 1600, San Jose, Ca, California, 95110-2726. Peter Liebow is the related person in the form and it has address: Riverpark Towers, 333 West San Carlos Street, Ste. 1600, San Jose, Ca, California, 95110-2726. Link to Pruneyard Cinemas Filing: 000168722816000001.
Analysis of Pruneyard Cinemas Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Pruneyard Cinemas sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 77.87% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering is set at $75000. 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 Pruneyard Cinemas Also
The Form D signed by Ed Rathmann might help Pruneyard Cinemas, 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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