Form D SEC Filing: Liberty Skis $3.50 million Fundraising. James Satloff Published Oct 18 Form D

Manufacturing Liberty Skis Corp - James Satloff

Liberty Skis Financing

Liberty Skis Corp, Corporation just submitted form D regarding $3.50 million equity financing. The date of first sale was 2016-09-30. Liberty Skis was able to fundraise $2.20 million so far. That is 62.86% of the round of financing. The total private financing amount was $3.50 million. The fundraising form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $1.30 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Liberty Skis is based in Colorado. The firm’s business is Manufacturing. The SEC form was submitted by James Satloff Chairman. The company was incorporated more than five years ago. The filler’s address is: Box 4555, Avon, Co, Colorado, 81620. James Satloff is the related person in the form and it has address: Box 4555, Avon, Co, Colorado, 81620. Link to Liberty Skis Filing: 000168697916000002.

Analysis of Liberty Skis Offering

On average, companies in the Manufacturing sector, sell 59.50% of the total offering size. Liberty Skis sold 62.86% of the offering. The financing is still open. Could this mean that the trust in Liberty Skis is high? The average investment offering size for companies in the Manufacturing industry is $763,000. The total amount raised is 188.34% bigger than the average for companies in the Manufacturing sector. The minimum investment for this financing 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 Liberty Skis Also

The Form D signed by James Satloff might help Liberty Skis Corp’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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