Contino Holdings Financing
Contino Holdings, Inc., Corporation just had published form D regarding $15.00 million equity financing. This is a new filing. Contino Holdings was able to finance itself with $7.50 million so far. That is 50.00% of the offering. The total private financing amount was $15.00 million. The private financing document was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $7.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Contino Holdings is based in Virginia. The firm’s business is Other Technology. The form D was signed by Vicente R Velez Vice President and Treasurer. The company was incorporated in 2015. The filler’s address is: 204 S. Union Street, Alexandria, Va, Virginia, 22314. Jason Booma is the related person in the form and it has address: 204 S. Union Street, Alexandria, Va, Virginia, 22314. Link to Contino Holdings Filing: 000165994016000003.
Analysis of Contino Holdings Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Contino Holdings sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 387.01% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $0. 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 Contino Holdings Also
The Form D signed by Vicente R Velez might help Contino Holdings, Inc.’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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