Form D of The Day: Trade Secret Chocolates $498714 Financing. Matthew Rubin Released Oct 9 SEC Form

Manufacturing Trade Secret Chocolates, Llc - Matthew Rubin

Trade Secret Chocolates Financing

Trade Secret Chocolates, Llc, Limited Liability Company just filed form D regarding $498,714 equity financing. This is a new filing. Trade Secret Chocolates was able to sell $188,478 so far. That is 37.79% of the financing round. The total offering amount was $498,714. This form was filed on 2016-10-09. The reason for the financing was: unspecified. The fundraising still has about $310,236 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trade Secret Chocolates is based in Alabama. The company’s business is Manufacturing. The form D was signed by Matthew Rubin CEO. The company was incorporated in 2013. The filler’s address is: 4749 Pennington Ct., Indianapolis, In, Indiana, 46254. Matthew Rubin is the related person in the form and it has address: 4749 Pennington Ct., Indianapolis, In, Indiana, 46254. Link to Trade Secret Chocolates Filing: 000168736616000001.

Analysis of Trade Secret Chocolates Offering

On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. Trade Secret Chocolates sold 37.79% of the offering. The financing is still open. The average offering size for companies in the Manufacturing industry is $763,000. The offering was 75.30% smaller than the average of $763,000. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing was set at $10000. 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 Trade Secret Chocolates Also

The Form D signed by Matthew Rubin might help Trade Secret Chocolates, 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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