Aunt Fannie Financing
Aunt Fannie, Inc, Corporation just had published form D regarding $2.00 million debt financing. This is a new filing. Aunt Fannie was able to finance itself with $1.41 million so far. That is 70.50% of the round of financing. The total fundraising amount was $2.00 million. The private financing document was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $590,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Aunt Fannie is based in Oregon. The company’s business is not disclosed. The SEC form was filed by James T H Buxton General Counsel. The company was incorporated in 2013. The filler’s address is: 4033 Se Hawthorne Blvd, Suite 1, Portland, Or, Oregon, 97214. Mathew John Franken is the related person in the form and it has address: 4033 Se Hawthorne Blvd, Suite 1, Portland, Or, Oregon, 97214. Link to Aunt Fannie Filing: 000160197316000003.
Analysis of Aunt Fannie Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Aunt Fannie sold 70.50% of the offering. The fundraising is still open. Could this mean that the trust in Aunt Fannie is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 53.77% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $25000. 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 Aunt Fannie Also
The Form D signed by James T H Buxton might help Aunt Fannie, 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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