Wheat Self-Storage Partners II Financing
Wheat Self-Storage Partners II, Lp, Limited Partnership just submitted form D regarding $5.55 million equity financing. This is a new filing. Wheat Self-Storage Partners II was able to sell $2.74 million so far. That is 49.35% of the fundraising offer. The total private offering amount was $5.55 million. The form was filed on 2016-10-11. The reason for the financing was: 10%. The fundraising still has about $2.81 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wheat Self-Storage Partners II is based in Florida. The filler’s business is Pooled Investment Fund. The SEC form was filed by Joseph Daniel Touizer Principal. The company was incorporated in 2016. The filler’s address is: 100 Se 3Rd Avenue, Suite 601, Fort Lauderdale, Fl, Florida, 33394. Joseph Daniel Touizer is the related person in the form and it has address: 100 Se 3Rd Avenue, Suite 601, Fort Lauderdale, Fl, Florida, 133394. Link to Wheat Self-Storage Partners II Filing: 000144586616002747.
Analysis of Wheat Self-Storage Partners II Offering
On average, companies in the Pooled Investment Fund sector, sell 37.80% of the total offering amount. Wheat Self-Storage Partners II sold 49.35% of the offering. The fundraising is still open. Could this mean that the trust in Wheat Self-Storage Partners II is high? The average investment floor size for companies in the Pooled Investment Fund industry is $24.76 million. The offering was 88.94% smaller than the average of $24.76 million. Of course this should not be taken as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising is set at $27750. 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 Wheat Self-Storage Partners II Also
The Form D signed by Joseph Daniel Touizer might help Wheat Self-Storage Partners II, 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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