Viking Cold Solutions Financing
Viking Cold Solutions, Inc., Corporation just submitted form D announcing $6.75 million equity financing. This is a new filing. Viking Cold Solutions was able to finance itself with $4.25 million so far. That is 62.94% of the fundraising. The total private financing amount was $6.75 million. The form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Viking Cold Solutions is based in Texas. The company’s business is Energy Conservation. The SEC form was signed by James Michael Bell Jr Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 10335 Landsbury Drive, Suite 350, Houston, Tx, Texas, 77099. James Michael Bell, Jr. is the related person in the form and it has address: C/O Viking Cold Solutions, Inc., 10335 Landsbury Drive, Suite 350, Houston, Tx, Texas, 77099. Link to Viking Cold Solutions Filing: 000147411016000003.
Analysis of Viking Cold Solutions Offering
On average, startups in the Energy Conservation sector, sell 66.70% of the total offering amount. Viking Cold Solutions sold 62.94% of the offering. The fundraising is still open. The average investment floor size for companies in the Energy Conservation industry is $1.34 million. The total amount raised is 216.33% bigger than the average for companies in the Energy Conservation sector. The minimum investment for this offering was 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 Viking Cold Solutions Also
The Form D signed by James Michael Bell Jr might help Viking Cold Solutions, Inc.’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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