SEC Form D Coverage: Spruce Road $49.28 million Fundraising. John C Morrissey Filed Oct 19 SEC form

Spruce Road, Llc - John C Morrissey

Spruce Road Financing

Spruce Road, Llc, Limited Liability Company just submitted form D because of $49.28 million equity financing. This is a new filing. Spruce Road was able to sell $49.28 million. That is 100.00% of the fundraising. The total offering amount was $49.28 million. The offering form was filed on 2016-10-19. The reason for the financing was: Management and advisory fees will be paid by the Issuer to the Manager as outlined in the Issuer’s Limited Liability Company Agreement..

Spruce Road is based in Alabama. The company’s business is not disclosed. The form was submitted by John C Morrissey VP and Managing Director of Manager’s Managing Member. The company was incorporated in 2016. The filler’s address is: 655 Brea Canyon Road, Walnut, Ca, California, 91789. John C. Morrissey is the related person in the form and it has address: 655 Brea Canyon Road, Walnut, Ca, California, 91789. Link to Spruce Road Filing: 000168777316000001.

Analysis of Spruce Road Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Spruce Road sold 100.00% of the offering. Could this mean that the trust in Spruce Road is high? The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 1,515.57% bigger than the average for companies in the database. The minimum investment for this financing was set at $1. 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 Spruce Road Also

The Form D signed by John C Morrissey might help Spruce Road, 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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