Commonwealth Joe Financing
Commonwealth Joe, Llc, Limited Liability Company just submitted form D about $900,000 debt financing. The date of first sale was 2016-03-24. Commonwealth Joe was able to finance itself with $621,000 so far. That is 69.00% of the offering. The total financing amount was $900,000. The form was filed on 2016-07-05. The reason for the financing was: unspecified. The fundraising still has about $279,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Commonwealth Joe is based in Virginia. The filler’s business is Retailing. The D form was signed by Robert Peck CEO. The company was incorporated in 2014. The filler’s address is: 2507 Franklin Road, Arlington, Va, Virginia, 22201. Robert Peck is the related person in the form and it has address: 2507 Franklin Road, Arlington, Va, Virginia, 22201. Link to Commonwealth Joe Filing: 000167141516000002.
Analysis of Commonwealth Joe Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering amount. Commonwealth Joe sold 69.00% of the offering. The fundraising is still open. The average offering size for companies in the Retailing industry is $45,600. The total amount raised is 1,261.84% bigger than the average for companies in the Retailing sector. The minimum investment for this offering is set at $10000. 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 Commonwealth Joe Also
The Form D signed by Robert Peck might help Commonwealth Joe, 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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