Hill Country Pharmacy Financing
Hill Country Pharmacy, Ltd., Limited Partnership just released form D about $175,000 equity financing. This is a new filing. Hill Country Pharmacy was able to sell $5,000 so far. That is 2.86% of the financing offer. The total offering amount was $175,000. This form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $170,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Hill Country Pharmacy is based in Texas. The company’s business is Pharmaceuticals. The SEC form was filed by Clint Fowler Manager. The company was incorporated in 2012. The filler’s address is: 127 Blush Hill Drive, Conroe, Tx, Texas, 77304. Hcgc Pharma Management, Llc is the related person in the form and it has address: 127 Blush Hill Dr., Conroe, Tx, Texas, 77304. Link to Hill Country Pharmacy Filing: 000116267716000195.
Analysis of Hill Country Pharmacy Offering
On average, firms in the Pharmaceuticals sector, sell 60.90% of the total offering amount. Hill Country Pharmacy sold 2.86% of the offering. The fundraising is still open. The average investment size for companies in the Pharmaceuticals industry is $556,000. The offering was 99.10% smaller than the average of $556,000. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing is set at $5000. 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 Hill Country Pharmacy Also
The Form D signed by Clint Fowler might help Hill Country Pharmacy, Ltd.’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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