Eckard Global Financing
Eckard Global, Llc, Limited Liability Company just filed form D because of $171,840 equity financing. This is a new filing. Eckard Global was able to finance itself with $171,840. That is 100.00% of the offering. The total financing amount was $171,840. The offering form was filed on 2016-07-12. The reason for the financing was: North Bayou Cholpe Field Prospect Well Offering.
Eckard Global is based in Alabama. The filler’s business is Oil and Gas. The D form was submitted by Troy W Eckard CEO. The company was incorporated in 2012. The filler’s address is: 1819 Jay Ell Drive, -, Richardson, Tx, Texas, 75081. Troy W Eckard is the related person in the form and it has address: 1819 Jay Ell Drive, Richardson, Tx, Texas, 75081. Link to Eckard Global Filing: 000155175616000016.
Analysis of Eckard Global Offering
On average, firms in the Oil and Gas sector, sell 13.77% of the total offering size. Eckard Global sold 100.00% of the offering. Could this mean that the trust in Eckard Global is high? The average investment size for companies in the Oil and Gas industry is $227,000. The offering was 24.30% smaller than the average of $227,000. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering is set at $42960. 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 Eckard Global Also
The Form D signed by Troy W Eckard might help Eckard Global, 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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