Medinah Road Development Co Financing
Medinah Road Development Co Llc, Limited Liability Company just submitted form D about $25,000 equity and debt financing. This is a new filing. Medinah Road Development Co was able to fundraise $25,000. That is 100.00% of the financing round. The total financing amount was $25,000. The fundraising form was filed on 2016-10-28. The reason for the financing was: Registered Reb will receive a portion of incentive shares that have already been issued to the manager of the entity. Thus the investor does not pay the commission, but the manager..
Medinah Road Development Co is based in Illinois. The filler’s business is Residential. The D form was submitted by Jonathan B Spencer CFO. The company was incorporated in 2016. The filler’s address is: 804 Roberts Road, Barrington, Il, Illinois, 60010. Jonathan B Spencer is the related person in the form and it has address: 0N155 Windermere Rd, Unit 1006, Winfield, Il, Illinois, 60190. Link to Medinah Road Development Co Filing: 000168873616000001.
Analysis of Medinah Road Development Co Offering
On average, startups in the Residential sector, sell 100.00% of the total offering amount. Medinah Road Development Co sold 100.00% of the offering. Could this mean that the trust in Medinah Road Development Co is high? The average fundraising amount for companies in the Residential industry is $178,000. The offering was 85.96% smaller than the average of $178,000. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this offering is set at $25000. 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 Medinah Road Development Co Also
The Form D signed by Jonathan B Spencer might help Medinah Road Development Co 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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