Form D SEC Filing: Founders Ridge $1.65 million Financing. David Utley Released Jul 12 SEC Form

Commercial Founders Ridge, Llc - David Utley

Founders Ridge Financing

Founders Ridge, Llc, Limited Liability Company just submitted form D for $1.65 million equity financing. This is a new filing. Founders Ridge, Llc is expected to sell $1.65 million in this round of financing. The total private financing amount was $1.65 million. The financing form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $1.65 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Founders Ridge is based in Alabama. The company’s business is Commercial. The SEC form was filed by David Utley Attorney In Fact. The company was incorporated in 2016. The filler’s address is: 8400 East Prentice Ave, Penthouse Suite 1500, Greenwood Village, Co, Colorado, 80111. Darell Schmidt is the related person in the form and it has address: 8400 East Prentice Ave., Penthouse Suite 1500, Greenwood Village, Co, Colorado, 80111. Link to Founders Ridge Filing: 000167925716000001.

Analysis of Founders Ridge Offering

On average, companies in the Commercial sector, sell 65.22% of the total offering amount. Founders Ridge sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $25000. 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 Founders Ridge Also

The Form D signed by David Utley might help Founders Ridge, 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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