Waveland Resource Partners IV Financing
Waveland Resource Partners Iv, Lp, Limited Partnership just had published form D because of $50.00 million equity financing. The date of first sale was 2016-04-30. Waveland Resource Partners IV was able to finance itself with $5.53 million so far. That is 11.05% of the financing round. The total fundraising amount was $50.00 million. The form was filed on 2016-10-11. The reason for the financing was: Issuer may increase the maximum offering amount to $75,000,000 in the sole discretion of the Managing General Partner, and increase such expanded maximum offering in an amount up to $3,750,000 (or $78,750,000) for oversubsciptions in the offering.. The fundraising still has about $44.47 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Waveland Resource Partners IV is based in California. The firm’s business is Oil and Gas. The D form was submitted by Vickie J Greer COO of Waveland Energy Partners LLC, Manager of Waveland Res. The company was incorporated in 2015. The filler’s address is: 19800 Macarthur Blvd., Suite 650, Irvine, Ca, California, 92612. Michael J Greer is the related person in the form and it has address: 19800 Macarthur Blvd., Suite 650, Irvine, Ca, California, 92612. Link to Waveland Resource Partners IV Filing: 000166752116000010.
Analysis of Waveland Resource Partners IV Offering
On average, firms in the Oil and Gas sector, sell 13.77% of the total offering size. Waveland Resource Partners IV sold 11.05% of the offering. The fundraising is still open. The average fundraising amount for companies in the Oil and Gas industry is $227,000. The total amount raised is 2,334.80% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this financing is set at $25000. If you know more about the reasons for the financing, 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 Waveland Resource Partners IV Also
The Form D signed by Vickie J Greer might help Waveland Resource Partners Iv, Lp’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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