Independence Retail Lllp Financing
Independence Retail, Lllp, Limited Partnership just had published form D about $6.50 million equity financing. This is a new filing. Independence Retail, Lllp is expected to sell $6.50 million in this offering. The total private financing amount was $6.50 million. The private financing document was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $6.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Independence Retail Lllp is based in Florida. The filler’s business is Commercial. The D form was submitted by J Steven Schrimsher President of Gen Partner. The company was incorporated in 2013. The filler’s address is: 600 E. Colonial Drive, Suite 100, Orlando, Fl, Florida, 32803. None Schrimsher Commercial Inc. is the related person in the form and it has address: 600 E Colonial Drive, Suite 100, Orlando, Fl, Florida, 32803. Link to Independence Retail Lllp Filing: 000159149216000001.
Analysis of Independence Retail Lllp Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering size. Independence Retail Lllp sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this financing is set at $1. 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 Independence Retail Lllp Also
The Form D signed by J Steven Schrimsher might help Independence Retail, Lllp’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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