Cowatt Energy Financing
Cowatt Energy Llc, Limited Liability Company just released form D because of $500,000 equity financing. This is a new filing. Cowatt Energy was able to sell $50,000 so far. That is 10.00% of the round of financing. The total fundraising amount was $500,000. The financing document was filed on 2016-10-17. The reason for the financing was: To be used to pay a portion of executive salaries.. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cowatt Energy is based in Texas. The firm’s business is Other Energy. The form D was signed by William A Tolhurst President. The company was incorporated in 2013. The filler’s address is: 20770 Us Hwy 281 North #108, San Antonio, Tx, Texas, 78258. William A. Tolhurst is the related person in the form and it has address: 20770 Us Hwy 281 North #108, San Antonio, Tx, Texas, 78258. Link to Cowatt Energy Filing: 000116267716000237.
Analysis of Cowatt Energy Offering
On average, firms in the Other Energy sector, sell 65.00% of the total offering amount. Cowatt Energy sold 10.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Energy industry is $1.11 million. The offering was 95.48% smaller than the average of $1.11 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. The minimum investment for this fundraising was 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 Cowatt Energy Also
The Form D signed by William A Tolhurst might help Cowatt Energy 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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