Simms Fishing Products Financing
Simms Fishing Products Llc, Limited Liability Company just had published form D regarding $28.01 million equity financing. This is a new filing. Simms Fishing Products Llc is expected to finance itself with $28.01 million in this round of financing. The total private financing amount was $28.01 million. The offering form was filed on 2016-07-11. The reason for the financing was: Proceeds to Kenneth C. Walsh, David James, and an investment vehicle of David James, in exchange for the issuer’s redemption of certain of their equity interests.. The fundraising still has about $28.01 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Simms Fishing Products is based in Massachusetts. The company’s business is Manufacturing. The form D was signed by Harry A Hanson III Secretary. The company was incorporated more than five years ago. The filler’s address is: 177 Garden Drive, Bozeman, Mt, Montana, 59718. Kenneth C. Walsh is the related person in the form and it has address: C/O Simms Fishing Products Llc, 177 Garden Drive, Bozeman, Mt, Montana, 59718. Link to Simms Fishing Products Filing: 000141601416000003.
Analysis of Simms Fishing Products Offering
On average, companies in the Manufacturing sector, sell 59.50% of the total offering amount. Simms Fishing Products sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in the Manufacturing industry is $763,000. The offering was 100.00% smaller than the average of $763,000. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this financing is set at $0. 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 Simms Fishing Products Also
The Form D signed by Harry A Hanson III might help Simms Fishing Products 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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