Zest Tea Financing
Zest Tea, Llc, Limited Liability Company just filed form D because of $500,000 debt financing. This is a new filing. Zest Tea was able to sell $50,000 so far. That is 10.00% of the fundraising offer. The total private financing amount was $500,000. The financing document was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Zest Tea is based in Alabama. The filler’s business is Retailing. The SEC form was signed by James Fayal CEO. The company was incorporated in 2014. The filler’s address is: 1100 Wicomico St, Unit 321, Baltimore, Md, Maryland, 21230. James Fayal is the related person in the form and it has address: 1100 Wicomico St, Unit 321, Baltimore, Md, Maryland, 21230. Link to Zest Tea Filing: 000163548116000002.
Analysis of Zest Tea Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. Zest Tea sold 10.00% of the offering. The financing is still open. The average investment offering size for companies in the Retailing industry is $45,600. The total amount raised is 9.65% bigger than the average for companies in the Retailing sector. The minimum investment for this offering was set at $10000. 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 Zest Tea Also
The Form D signed by James Fayal might help Zest Tea, 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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