Forever Oceans Financing
Forever Oceans Corp, Corporation just had published form D announcing $3.93 million equity financing. The date of first sale was 2016-03-01. Forever Oceans was able to fundraise $2.23 million so far. That is 56.69% of the round of financing. The total offering amount was $3.93 million. The financing document was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $1.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Forever Oceans is based in Virginia. The company’s business is Agriculture. The D form was signed by Jason Heckathorn President. The company was incorporated in 2014. The filler’s address is: 403 Holiday Court, Suite 104, Warrenton, Va, Virginia, 20186. Jason Heckathorn is the related person in the form and it has address: 403 Holiday Court, Warrenton, Va, Virginia, 20186. Link to Forever Oceans Filing: 000163901016000004.
Analysis of Forever Oceans Offering
On average, firms in the Agriculture sector, sell 63.30% of the total offering amount. Forever Oceans sold 56.69% of the offering. The fundraising is still open. The average offering size for companies in the Agriculture industry is $287,000. The total amount raised is 675.26% bigger than the average for companies in the Agriculture sector. The minimum investment for this financing 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 Forever Oceans Also
The Form D signed by Jason Heckathorn might help Forever Oceans Corp’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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