1620 Workwear Financing
1620 Workwear, Inc., Corporation just released form D because of $500,000 debt financing. This is a new filing. 1620 Workwear was able to finance itself with $85,000 so far. That is 17.00% of the fundraising. The total offering amount was $500,000. The offering form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $415,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
1620 Workwear is based in Massachusetts. The filler’s business is Retailing. The D form was submitted by Edward De Innocentis President. The company was incorporated in 2016. The filler’s address is: 173 High Street, Newbury, Ma, Massachusetts, 01951. Edward De Innocentis is the related person in the form and it has address: C/O 1620 Workwear, Inc., 173 High Street, Newbury, Ma, Massachusetts, 01951. Link to 1620 Workwear Filing: 000168705016000002.
Analysis of 1620 Workwear Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. 1620 Workwear sold 17.00% of the offering. The financing is still open. The average offering amount for companies in the Retailing industry is $45,600. The total amount raised is 86.40% bigger than the average for companies in the Retailing sector. The minimum investment for this financing is 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 1620 Workwear Also
The Form D signed by Edward De Innocentis might help 1620 Workwear, 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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