Midstream Methanol Financing
Midstream Methanol Llc, Limited Liability Company just had published form D because of $3.00 million equity financing. The date of first sale was 2015-07-14. Midstream Methanol was able to fundraise $1.75 million so far. That is 58.30% of the round of financing. The total private offering amount was $3.00 million. The financing document was filed on 2016-10-31. The reason for the financing was: In the ordinary course of business, the issuer may use some of the proceeds of the offering to pay salaries to certain of its executive officers and members of the board of managers.. The fundraising still has about $1.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Midstream Methanol is based in Texas. The filler’s business is not disclosed. The form was filed by Angela L Sandford Secretary. The company was incorporated in 2014. The filler’s address is: 12600 Hill Country Blvd., Suite R-250, Austin, Tx, Texas, 78738. Ronald E. Oligney is the related person in the form and it has address: 12600 Hill Country Blvd., Suite R-250, Austin, Tx, Texas, 78738. Link to Midstream Methanol Filing: 000164930416000006.
Analysis of Midstream Methanol Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Midstream Methanol sold 58.30% of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 42.66% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing was set at $10000. 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 Midstream Methanol Also
The Form D signed by Angela L Sandford might help Midstream Methanol 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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