Form D: Boci Genesis $100.00 million Fundraising. Patrick J Starley Filed Nov 2 SEC Form

Oil And Gas Boci Genesis, Lp - Patrick J Starley

Boci Genesis Financing

Boci Genesis, Lp, Limited Partnership just released form D because of $100.00 million equity financing. The date of first sale was 2016-08-08. Boci Genesis was able to fundraise $85.00 million. That is 85.00% of the financing round. The total fundraising amount was $100.00 million. This form was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $15.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Boci Genesis is based in Texas. The company’s business is Oil and Gas. The SEC form was signed by Patrick J Starley Vice President of Issuer’s General Partner. The company was incorporated in 2016. The filler’s address is: 98 San Jacinto Boulevard Suite 418, Austin, Tx, Texas, 78701. Patrick J. Starley is the related person in the form and it has address: 98 San Jacinto Boulevard Suite 418, Austin, Tx, Texas, 78701. Link to Boci Genesis Filing: 000168178916000002.

Analysis of Boci Genesis Offering

On average, companies in the Oil and Gas sector, sell 13.77% of the total offering amount. Boci Genesis sold 85.00% of the offering. The fundraising is still open. Could this mean that the trust in Boci Genesis is high? The average investment floor size for companies in the Oil and Gas industry is $227,000. The total amount raised is 37,344.93% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this fundraising is set at $100000. 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 Boci Genesis Also

The Form D signed by Patrick J Starley might help Boci Genesis, Lp’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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