Sgh Holdings II Financing
Sgh Holdings II, Llc, Limited Liability Company just submitted form D because of $2.00 million debt financing. The date of first sale was 2014-10-20. Sgh Holdings II was able to sell $375,000 so far. That is 18.75% of the financing offer. The total offering amount was $2.00 million. The private financing document was filed on 2016-10-28. The reason for the financing was: Proceeds will be used for working capital, which will include normal compensation to executive officers/managers.. The fundraising still has about $1.63 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sgh Holdings II is based in Alabama. The firm’s business is Pooled Investment Fund. The form was signed by Steven P Monti Manager of Solidarity Advisors, LLC, Manager. The company was incorporated in 2012. The filler’s address is: 405 Oak Island Drive, Cary, Nc, North Carolina, 27513. Steven P. Monti is the related person in the form and it has address: 405 Oak Island Drive, Cary, Nc, North Carolina, 27513. Link to Sgh Holdings II Filing: 000162377816000002.
Analysis of Sgh Holdings II Offering
On average, firms in the Pooled Investment Fund sector, sell 37.80% of the total offering amount. Sgh Holdings II sold 18.75% of the offering. The financing is still open. The average investment size for companies in the Pooled Investment Fund industry is $24.76 million. The offering was 98.49% smaller than the average of $24.76 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. 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 Sgh Holdings II Also
The Form D signed by Steven P Monti might help Sgh Holdings II, 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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