Tjbc, Inc., Corporation just had published form D about $1.20 million equity financing. This is a new filing. Tjbc was able to fundraise $698,800 so far. That is 58.23% of the fundraising. The total private financing amount was $1.20 million. The offering form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $501,200 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tjbc is based in Illinois. The firm’s business is Manufacturing. The SEC form was signed by Todd J Kennedy President/CEO. The company was incorporated more than five years ago. The filler’s address is: 101 Eastgate Plaza, East Alton, Il, Illinois, 62024. Todd J Kennedy is the related person in the form and it has address: 308 Country Club Acres, Belleville, Il, Illinois, 62223. Link to Tjbc Filing: 000168633416000001.
Analysis of Tjbc Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering size. Tjbc sold 58.23% of the offering. The financing is still open. The average fundraising size for companies in the Manufacturing industry is $763,000. The offering was 8.41% smaller than the average of $763,000. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this financing is set at $6000. 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 Tjbc Also
The Form D signed by Todd J Kennedy might help Tjbc, 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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