Rooster Florida Financing
Rooster Florida Inc., Corporation just released form D for $500,000 debt financing. This is a new filing. Rooster Florida was able to sell $305,000 so far. That is 61.00% of the financing offer. The total offering amount was $500,000. The financing document was filed on 2016-06-24. The reason for the financing was: unspecified. The fundraising still has about $195,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Rooster Florida is based in Florida. The firm’s business is Business Services. The SEC form was filed by Brian K Niles President. The company was incorporated in 2015. The filler’s address is: 200 West Palmetto Park Road, Suite 301, Boca Raton, Fl, Florida, 33432. Brian K Niles is the related person in the form and it has address: 200 West Palmetto Park Rd, Suite 301, Boca Raton, Fl, Florida, 33432. Link to Rooster Florida Filing: 000167569316000001.
Analysis of Rooster Florida Offering
On average, firms in the Business Services sector, sell 69.04% of the total offering amount. Rooster Florida sold 61.00% of the offering. The fundraising is still open. The average offering size for companies in the Business Services industry is $583,000. The offering was 47.68% smaller than the average of $583,000. Of course this should not be seen as negative. Startups raise funds for different needs and reasons. The minimum investment for this fundraising was set at $5000. 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 Rooster Florida Also
The Form D signed by Brian K Niles might help Rooster Florida 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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