American Halal Co Financing
American Halal Co, Inc, Corporation just released form D announcing $750,000 equity financing. This is a new filing. American Halal Co was able to sell $250,000 so far. That is 33.33% of the round of financing. The total private offering amount was $750,000. The offering form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
American Halal Co is based in Connecticut. The firm’s business is not disclosed. The form D was submitted by Adnan Durrani Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1111 Summer Street, 5Th Floor, Stamford, Ct, Connecticut, 06905. Adnan Durrani is the related person in the form and it has address: 1111 Summer Street, 5Th Floor, Stamford, Ct, Connecticut, 06905. Link to American Halal Co Filing: 000151597116000549.
Analysis of American Halal Co Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. American Halal Co sold 33.33% of the offering. The fundraising is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 91.80% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is 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 American Halal Co Also
The Form D signed by Adnan Durrani might help American Halal Co, 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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