Meredian Holdings Group Financing
Meredian Holdings Group, Inc., Corporation just filed form D for $7.50 million equity financing. This is a new filing. Meredian Holdings Group was able to finance itself with $325,040 so far. That is 4.33% of the round of financing. The total financing amount was $7.50 million. The fundraising form was filed on 2016-07-08. The reason for the financing was: unspecified. The fundraising still has about $7.17 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Meredian Holdings Group is based in Georgia. The firm’s business is not disclosed. The SEC form was filed by Stephen Croskrey Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 140 Industrial Boulevard, Bainbridge, Ga, Georgia, 39817. Stephen Croskrey is the related person in the form and it has address: 140 Industrial Boulevard, Bainbridge, Ga, Georgia, 39817. Link to Meredian Holdings Group Filing: 000114420416112287.
Analysis of Meredian Holdings Group Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Meredian Holdings Group sold 4.33% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 89.34% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was 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 Meredian Holdings Group Also
The Form D signed by Stephen Croskrey might help Meredian Holdings Group, Inc.’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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