Resilience Code Financing
Resilience Code, Llc, Limited Liability Company just released form D because of $2.62 million equity financing. This is a new filing. Resilience Code was able to fundraise $100,000 so far. That is 3.82% of the fundraising offer. The total offering amount was $2.62 million. The form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $2.52 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Resilience Code is based in Alabama. The filler’s business is Other Health Care. The D form was submitted by David A Lips Attorney. The company was incorporated in 2016. The filler’s address is: 99 Inverness Drive East, Englewood, Co, Colorado, 80112. Chad Prusmack is the related person in the form and it has address: 8285 Sawgrass Drive, Lone Tree, Co, Colorado, 80124. Link to Resilience Code Filing: 000167925216000001.
Analysis of Resilience Code Offering
On average, firms in the Other Health Care sector, sell 68.60% of the total offering size. Resilience Code sold 3.82% of the offering. The fundraising is still open. The average investment size for companies in the Other Health Care industry is $1.16 million. The offering was 91.38% smaller than the average of $1.16 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is set at $20000. 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 Resilience Code Also
The Form D signed by David A Lips might help Resilience Code, 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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