First Bancshares /Ms/ Financing
First Bancshares Inc /Ms/, Corporation just submitted form D because of $63.25 million equity financing. This is a new filing. First Bancshares /Ms/ was able to fundraise $63.25 million. That is 100.00% of the financing offer. The total offering amount was $63.25 million. The offering form was filed on 2016-10-18. The reason for the financing was: unspecified.
First Bancshares /Ms/ is based in Mississippi. The firm’s business is Other Banking and Financial Services. The form D was signed by Donna T Dee Dee Lowery Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 6480 U.S. Hwy 98 West, Suite A, Hattiesburg, Ms, Mississippi, 39402. E. Ricky Gibson is the related person in the form and it has address: 6480 U.S. Hwy 98 West, Suite A, Hattiesburg, Ms, Mississippi, 39402. Link to First Bancshares /Ms/ Filing: 000114420416128634.
Analysis of First Bancshares /Ms/ Offering
On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. First Bancshares /Ms/ sold 100.00% of the offering. Could this mean that the trust in First Bancshares /Ms/ is high? The average fundraising amount for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 3,915.87% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this offering was set at $0. 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 First Bancshares /Ms/ Also
The Form D signed by Donna T Dee Dee Lowery might help First Bancshares Inc /Ms/’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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