Form D SEC Filing: Smokycrosstn Holdings $18.23 million Financing. David C Michan Released Oct 13 D Filing


Residential Smokycrosstn Holdings, Llc - David C Michan

Smokycrosstn Holdings Financing

Smokycrosstn Holdings, Llc, Limited Liability Company just released form D announcing $18.23 million equity financing. This is a new filing. Smokycrosstn Holdings was able to sell $18.23 million. That is 100.00% of the financing offer. The total private offering amount was $18.23 million. The form was filed on 2016-10-13. The reason for the financing was: Offering of $18,232,910 in Class A limited liability interest.

Smokycrosstn Holdings is based in California. The filler’s business is Residential. The SEC form was signed by David C Michan Manager of Strata MM, LLC, the manager of issuer. The company was incorporated in 2016. The filler’s address is: 4370 La Jolla Village Dr., Suite 960, San Diego, Ca, California, 92122. David Carlos Michan is the related person in the form and it has address: 4370 La Jolla Village Dr., Suite 960, San Diego, Ca, California, 92122. Link to Smokycrosstn Holdings Filing: 000168690316000001.

Analysis of Smokycrosstn Holdings Offering

On average, startups in the Residential sector, sell 100.00% of the total offering size. Smokycrosstn Holdings sold 100.00% of the offering. Could this mean that the trust in Smokycrosstn Holdings is high? The average fundraising amount for companies in the Residential industry is $178,000. The total amount raised is 10,143.21% bigger than the average for companies in the Residential sector. The minimum investment for this fundraising was set at $250000. 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 Smokycrosstn Holdings Also

The Form D signed by David C Michan might help Smokycrosstn Holdings, 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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