Saga Management Co Financing
Saga Management Co, Corporation just filed form D announcing $600,000 equity financing. This is a new filing. Saga Management Co was able to fundraise $300,000 so far. That is 50.00% of the round of financing. The total offering amount was $600,000. The private financing document was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Saga Management Co is based in Alberta – Canada. The filler’s business is Other Banking and Financial Services. The D form was filed by Ryan Dean President. The company was incorporated in 2016. The filler’s address is: 3540 W. Sahara Ave., Ste 752, Las Vegas, Nv, Nevada, 89102. Ryan Robert Dean is the related person in the form and it has address: 3450 W Sahara Ave, Ste 752, Las Vegas, Nv, Nevada, 89102. Link to Saga Management Co Filing: 000168792416000001.
Analysis of Saga Management Co Offering
On average, firms in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Saga Management Co sold 50.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 80.95% smaller than the average of $1.58 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering was set at $50000. 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 Saga Management Co Also
The Form D signed by Ryan Dean might help Saga Management Co’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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