Apeg Energy Financing
Apeg Energy, Lp, Limited Partnership just filed form D for $20.00 million equity financing. The date of first sale was 2016-01-11. Apeg Energy was able to fundraise $13.62 million so far. That is 68.11% of the fundraising. The total financing amount was $20.00 million. The financing form was filed on 2016-07-08. The reason for the financing was: unspecified. The fundraising still has about $6.38 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Apeg Energy is based in Texas. The firm’s business is Investing. The form D was submitted by Paul Haarman Manager of the Issuer’s General Partner. The company was incorporated in 2016. The filler’s address is: 3305 Northland Drive, Suite 101, Austin, Tx, Texas, 78731. Paul Haarman is the related person in the form and it has address: 3305 Northland Drive, Suite 101, Austin, Tx, Texas, 78731. Link to Apeg Energy Filing: 000166323016000003.
Analysis of Apeg Energy Offering
On average, firms in the Investing sector, sell 66.70% of the total offering size. Apeg Energy sold 68.11% of the offering. The fundraising is still open. Could this mean that the trust in Apeg Energy is high? The average offering amount for companies in the Investing industry is $1.41 million. The total amount raised is 866.71% bigger than the average for companies in the Investing sector. The minimum investment for this financing is set at $25000. 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 Apeg Energy Also
The Form D signed by Paul Haarman might help Apeg Energy, 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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