Sp Tri-Cities Financing
Sp Tri-Cities Llc, Limited Liability Company just released form D about $6.00 million equity financing. This is a new filing. Sp Tri-Cities was able to fundraise $6.00 million. That is 100.00% of the offering. The total private offering amount was $6.00 million. The financing form was filed on 2016-10-19. The reason for the financing was: unspecified.
Sp Tri-Cities is based in Washington. The firm’s business is Commercial. The D form was submitted by Robert M Krokower Treasurer. The company was incorporated in 2016. The filler’s address is: 701 Fifth Avenue, Suite 5700, Seattle, Wa, Washington, 98104. Spac Iv Llc is the related person in the form and it has address: 701 Fifth Avenue, Suite 5700, Seattle, Wa, Washington, 98104. Link to Sp Tri-Cities Filing: 000168202016000001.
Analysis of Sp Tri-Cities Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. Sp Tri-Cities sold 100.00% of the offering. Could this mean that the trust in Sp Tri-Cities is high? The average financing size for companies in the Commercial industry is $1.60 million. The total amount raised is 275.00% bigger than the average for companies in the Commercial sector. The minimum investment for this fundraising is set at $25000. 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 Sp Tri-Cities Also
The Form D signed by Robert M Krokower might help Sp Tri-Cities 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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