Hancock S-Reit La Financing
Hancock S-Reit La Corp., Corporation just submitted form D regarding $500,000 equity financing. This is a new filing. Hancock S-Reit La was able to fundraise $500,000. That is 100.00% of the round of financing. The total private offering amount was $500,000. This form was filed on 2016-07-13. The reason for the financing was: unspecified.
Hancock S-Reit La is based in Massachusetts. The company’s business is REITS and Finance. The D form was submitted by Quazi Sadruzzaman Assistant Vice President. The company was incorporated in 2015. The filler’s address is: 197 Clarendon Street, C-3, Boston, Ma, Massachusetts, 02116. Michael Mcnamara is the related person in the form and it has address: 197 Clarendon Street, C-3, Boston, Ma, Massachusetts, 02116. Link to Hancock S-Reit La Filing: 000167929816000001.
Analysis of Hancock S-Reit La Offering
On average, startups in the REITS and Finance sector, sell 56.00% of the total offering amount. Hancock S-Reit La sold 100.00% of the offering. Could this mean that the trust in Hancock S-Reit La is high? The average fundraising size for companies in the REITS and Finance industry is $988,700. The offering was 49.43% smaller than the average of $988,700. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $4000. 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 Hancock S-Reit La Also
The Form D signed by Quazi Sadruzzaman might help Hancock S-Reit La 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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