Topeka Grand Hotel Financing
Topeka Grand Hotel, Llc, Limited Liability Company just had published form D regarding $12.96 million equity financing. This is a new filing. Topeka Grand Hotel was able to sell $7.00 million so far. That is 54.02% of the round of financing. The total financing amount was $12.96 million. The form was filed on 2016-10-12. The reason for the financing was: NONE. The fundraising still has about $5.96 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Topeka Grand Hotel is based in Alabama. The firm’s business is Commercial. The form was signed by Seth Wagoner Executive Officer. The company was incorporated in 2016. The filler’s address is: 3214 Sw 29Th Street, Topeka, Ks, Kansas, 66614. Seth Wagoner is the related person in the form and it has address: 3214 Sw 29Th Street, Topeka, Ks, Kansas, 66614. Link to Topeka Grand Hotel Filing: 000168492816000002.
Analysis of Topeka Grand Hotel Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering amount. Topeka Grand Hotel sold 54.02% of the offering. The financing is still open. The average investment floor size for companies in the Commercial industry is $1.60 million. The total amount raised is 337.50% bigger than the average for companies in the Commercial sector. The minimum investment for this fundraising is set at $250000. 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 Topeka Grand Hotel Also
The Form D signed by Seth Wagoner might help Topeka Grand Hotel, 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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