Frontier Financial Group Financing
Frontier Financial Group, Inc., Corporation just released form D for $5.00 million equity financing. This is a new filing. Frontier Financial Group was able to finance itself with $2.00 million so far. That is 40.00% of the round of financing. The total fundraising amount was $5.00 million. The private financing document was filed on 2016-10-13. The reason for the financing was: This filing covers the sale and issuance of Series A Preferred Stock, Warrants to purchase Series A Preferred Stock, and the Common Stock issuable upon conversion thereof.. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Frontier Financial Group is based in Dc. The filler’s business is not disclosed. The D form was signed by Giadha Aguirre DeCarcer Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 1900 M Street, Nw, Suite 530, Washington, Dc, District Of Columbia, 20036. Giadha Aguirre Decarcer is the related person in the form and it has address: C/O Frontier Financial Group, Inc., 1900 M Street, Nw, Suite 530, Washington, Dc, District Of Columbia, 20036. Link to Frontier Financial Group Filing: 000165944716000003.
Analysis of Frontier Financial Group Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Frontier Financial Group sold 40.00% of the offering. The financing is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 34.43% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was set at $1. 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 Frontier Financial Group Also
The Form D signed by Giadha Aguirre DeCarcer might help Frontier Financial Group, 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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