Triangle Canada Holdings Financing
Triangle Canada Holdings, Lp, Limited Partnership just had published form D announcing $105.00 million equity financing. This is a new filing. Triangle Canada Holdings was able to finance itself with $105.00 million. That is 100.00% of the offering. The total financing amount was $105.00 million. The financing document was filed on 2016-07-12. The reason for the financing was: unspecified.
Triangle Canada Holdings is based in New York. The company’s business is not disclosed. The form was submitted by George Pyne Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 7 Renaissance Square, 2Nd Floor, White Plains, Ny, New York, 10601. George Pyne is the related person in the form and it has address: 7 Renaissance Square, 2Nd Floor, White Plains, Ny, New York, 10601. Link to Triangle Canada Holdings Filing: 000131586316001622.
Analysis of Triangle Canada Holdings Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Triangle Canada Holdings sold 100.00% of the offering. Could this mean that the trust in Triangle Canada Holdings is high? The average offering amount for companies in all industries in our database is $3.05 million. The total amount raised is 3,342.62% bigger than the average for companies in the database. The minimum investment for this fundraising was set at $0. 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 Triangle Canada Holdings Also
The Form D signed by George Pyne might help Triangle Canada Holdings, Lp’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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