Sunfinity Solar Financing
Sunfinity Solar, Llc, Limited Liability Company just had published form D about $7.00 million equity financing. This is a new filing. Sunfinity Solar was able to fundraise $7.00 million. That is 100.00% of the offering. The total financing amount was $7.00 million. The financing document was filed on 2016-10-19. The reason for the financing was: unspecified.
Sunfinity Solar is based in Texas. The company’s business is Construction. The form D was filed by Stephen M Johns Associate Corporate Secretary. The company was incorporated in 2016. The filler’s address is: 17300 Dallas Parkway, Suite 2020, Dallas, Tx, Texas, 75248. John B. Billingsley, Jr. is the related person in the form and it has address: 17300 Dallas Parkway, Suite 2020, Dallas, Tx, Texas, 75248. Link to Sunfinity Solar Filing: 000168782116000001.
Analysis of Sunfinity Solar Offering
On average, startups in the Construction sector, sell 42.80% of the total offering amount. Sunfinity Solar sold 100.00% of the offering. Could this mean that the trust in Sunfinity Solar is high? The average offering size for companies in the Construction industry is $547,000. The total amount raised is 1,179.71% bigger than the average for companies in the Construction sector. The minimum investment for this offering is set at $1000000. 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 Sunfinity Solar Also
The Form D signed by Stephen M Johns might help Sunfinity Solar, 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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