Stonecutter Spirits Financing
Stonecutter Spirits Llc, Limited Liability Company just had published form D because of $700,000 equity financing. The date of first sale was 2016-06-29. Stonecutter Spirits was able to sell $140,000 so far. That is 20.00% of the round of financing. The total financing amount was $700,000. The financing document was filed on 2016-07-12. The reason for the financing was: The issuer anticipates using $100,000 of the proceeds to repay a bridge loan advanced to the issuer by a person named in Item 3. Proceeds will also be used for working capital, which includes normal compensation and benefits to officers and managers.. The fundraising still has about $560,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Stonecutter Spirits is based in Vermont. The firm’s business is not disclosed. The SEC form was signed by Pauline Law Attorney in Fact. The company was incorporated in 2013. The filler’s address is: 1197 Exchange Street, Unit A, Middlebury, Vt, Vermont, 05753. Sivan Cotel is the related person in the form and it has address: 1197 Exchange Street Unit A, Middlebury, Vt, Vermont, 05753. Link to Stonecutter Spirits Filing: 000167931216000002.
Analysis of Stonecutter Spirits Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Stonecutter Spirits sold 20.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 95.41% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $1000. 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 Stonecutter Spirits Also
The Form D signed by Pauline Law might help Stonecutter Spirits 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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