Wfg Reinsurance Financing
Wfg Reinsurance Ltd, Corporation just submitted form D for $7.54 million equity financing. This is a new filing. Wfg Reinsurance was able to sell $7.54 million. That is 100.00% of the round of financing. The total offering amount was $7.54 million. The private financing document was filed on 2016-07-13. The reason for the financing was: unspecified.
Wfg Reinsurance is based in Bermuda. The filler’s business is Insurance. The SEC form was filed by Caryl Shepherd Vice-President. The company was incorporated more than five years ago. The filler’s address is: Victoria Hall, 11 Victoria Street, Hamilton, D0, Bermuda, Hm 11. Jack D Linder is the related person in the form and it has address: Victoria Hall, 11 Victoria Street, Hamilton, D0, Bermuda, Hm 11. Link to Wfg Reinsurance Filing: 000135789916000001.
Analysis of Wfg Reinsurance Offering
On average, firms in the Insurance sector, sell 70.00% of the total offering size. Wfg Reinsurance sold 100.00% of the offering. Could this mean that the trust in Wfg Reinsurance is high? The average financing size for companies in the Insurance industry is $996,000. The total amount raised is 657.07% bigger than the average for companies in the Insurance sector. The minimum investment for this fundraising is set at $3523. 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 Wfg Reinsurance Also
The Form D signed by Caryl Shepherd might help Wfg Reinsurance Ltd’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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