Banc3 Holdings Financing
Banc3 Holdings, Inc., Corporation just had published form D because of $20.00 million equity financing. This is a new filing. Banc3 Holdings was able to finance itself with $11.55 million so far. That is 57.75% of the financing round. The total private financing amount was $20.00 million. The form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $8.45 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Banc3 Holdings is based in Tennessee. The company’s business is Commercial Banking. The form was signed by Francis Cianciola Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 5210 Poplar Avenue, Memphis, Tn, Tennessee, 38119. Francis Cianciola is the related person in the form and it has address: 5210 Poplar Avenue, Memphis, Tn, Tennessee, 38119. Link to Banc3 Holdings Filing: 000166427616000002.
Analysis of Banc3 Holdings Offering
On average, startups in the Commercial Banking sector, sell 44.00% of the total offering amount. Banc3 Holdings sold 57.75% of the offering. The financing is still open. Could this mean that the trust in Banc3 Holdings is high? The average investment offering size for companies in the Commercial Banking industry is $2.90 million. The total amount raised is 298.14% bigger than the average for companies in the Commercial Banking sector. The minimum investment for this financing is set at $0. 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 Banc3 Holdings Also
The Form D signed by Francis Cianciola might help Banc3 Holdings, 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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