SEC Form D Coverage: Elllwand Shooting Sports Academy $9.00 million Financing. David P Gemperle Submitted Oct 19 SEC Filing


Elllwand Shooting Sports Academy, Llc - David P Gemperle

Elllwand Shooting Sports Academy Financing

Elllwand Shooting Sports Academy, Llc, Limited Liability Company just released form D for $9.00 million debt financing. This is a new filing. Elllwand Shooting Sports Academy was able to fundraise $205,000 so far. That is 2.28% of the fundraising offer. The total private financing amount was $9.00 million. The fundraising form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $8.80 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Elllwand Shooting Sports Academy is based in Alabama. The firm’s business is not disclosed. The SEC form was signed by David P Gemperle President. The company was incorporated in 2015. The filler’s address is: 138 Wiegand Drive, Suite 100, Cranberry Township, Pa, Pennsylvania, 16066. David Patrick Gemperle is the related person in the form and it has address: 138 Wiegand Drive, Cranberry Twp., Pa, Pennsylvania, 16066. Link to Elllwand Shooting Sports Academy Filing: 000168761516000002.

Analysis of Elllwand Shooting Sports Academy Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Elllwand Shooting Sports Academy sold 2.28% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 93.28% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $0. 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 Elllwand Shooting Sports Academy Also

The Form D signed by David P Gemperle might help Elllwand Shooting Sports Academy, 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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