Pistol Lake Financing
Pistol Lake, Inc., Corporation just released form D for $500,000 equity financing. This is a new filing. Pistol Lake was able to sell $100,000 so far. That is 20.00% of the fundraising. The total financing amount was $500,000. The fundraising form was filed on 2016-07-08. The reason for the financing was: unspecified. The fundraising still has about $400,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pistol Lake is based in Alabama. The company’s business is Manufacturing. The form was submitted by William Sulinski President. The company was incorporated in 2013. The filler’s address is: 11160 Hindry Avenue, Unit E, Los Angeles, Ca, California, 90045. William Sulinski is the related person in the form and it has address: 11160 Hindry Avenue, Unit E, Los Angeles, Ca, California, 90045. Link to Pistol Lake Filing: 000156938016000001.
Analysis of Pistol Lake Offering
On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Pistol Lake sold 20.00% of the offering. The financing is still open. The average investment size for companies in the Manufacturing industry is $763,000. The offering was 86.89% smaller than the average of $763,000. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this offering was 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 Pistol Lake Also
The Form D signed by William Sulinski might help Pistol Lake, 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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