Horseshoe Llc, Limited Liability Company just filed form D for $15.00 million equity financing. This is a new filing. Horseshoe was able to sell $25,000 so far. That is 0.17% of the fundraising. The total private financing amount was $15.00 million. This form was filed on 2016-07-13. The reason for the financing was: Repayment of loans from Officers and Directors. The fundraising still has about $14.98 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Horseshoe is based in Florida. The filler’s business is not disclosed. The form was filed by Boyd R Branch President. The company was incorporated in 2013. The filler’s address is: C/O Boyd R. Branch, 5633 Strand Blvd., Suite 303, Naples, Fl, Florida, 34110. Boyd R. Branch is the related person in the form and it has address: 5633 Strand Blvd., Suite 303, Naples, Fl, Florida, 34105. Link to Horseshoe Filing: 000160028016000003.
Analysis of Horseshoe Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Horseshoe sold 0.17% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 99.18% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising is set at $50000. 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 Horseshoe Also
The Form D signed by Boyd R Branch might help Horseshoe 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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