Form D Reporting: Pittmoss $1.20 million Fundraising. Brian P Scott Released Sep 30 Filing

Manufacturing Pittmoss Llc - Brian P Scott

Pittmoss Financing

Pittmoss Llc, Limited Liability Company just submitted form D because of $1.20 million equity and debt financing. This is a new filing. Pittmoss was able to sell $600,000 so far. That is 50.00% of the fundraising. The total offering amount was $1.20 million. The private financing document was filed on 2016-09-30. The reason for the financing was: Expected first year compensation for CEO.. The fundraising still has about $600,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Pittmoss is based in Ohio. The filler’s business is Manufacturing. The SEC form was submitted by Brian P Scott CEO. The company was incorporated in 2015. The filler’s address is: 2603 Duss Avenue, Ambridge, Pa, Pennsylvania, 15003. Brian Peter Scott is the related person in the form and it has address: 1209 Wilkins Road, Erie, Pa, Pennsylvania, 16505. Link to Pittmoss Filing: 000163402516000006.

Analysis of Pittmoss Offering

On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Pittmoss sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Manufacturing industry is $763,000. The offering was 21.36% smaller than the average of $763,000. Of course this should not be taken as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising is set at $10000. 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 Pittmoss Also

The Form D signed by Brian P Scott might help Pittmoss 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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