Legacy Capital Management Financing
Legacy Capital Management Llc, Limited Liability Company just filed form D announcing $5.20 million equity financing. This is a new filing. Legacy Capital Management was able to finance itself with $500,000 so far. That is 9.62% of the round of financing. The total financing amount was $5.20 million. The private financing document was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $4.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Legacy Capital Management is based in Tennessee. The company’s business is Other Real Estate. The form was submitted by Todd Jackson Director of Information. The company was incorporated in 2016. The filler’s address is: 321 Billingsly Court, Suite 18C, Franklin, Tn, Tennessee, 37067. Jeff Tallman is the related person in the form and it has address: 321 Billingsly Court, Suite 18C, Franklin, Tn, Tennessee, 37067. Link to Legacy Capital Management Filing: 000168781216000001.
Analysis of Legacy Capital Management Offering
On average, startups in the Other Real Estate sector, sell 100.00% of the total offering amount. Legacy Capital Management sold 9.62% of the offering. The fundraising is still open. The average offering amount for companies in the Other Real Estate industry is $931,000. The offering was 46.29% smaller than the average of $931,000. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $500000. 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 Legacy Capital Management Also
The Form D signed by Todd Jackson might help Legacy Capital Management 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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