Prudent II Financing
Prudent II Inc, Corporation just submitted form D regarding $10.00 million debt financing. This is a new filing. Prudent II Inc is expected to finance itself with $10.00 million in this fundraising. The total private financing amount was $10.00 million. This form was filed on 2016-11-01. The reason for the financing was: Max combined amount of 500 000. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Prudent II is based in Florida. The filler’s business is Investing. The D form was signed by Dennis Klemming Co-President. The company was incorporated in 2016. The filler’s address is: 1111 Kane Concourse, Suite 518, Miami, Fl, Florida, 33154. Tre Brandenberg is the related person in the form and it has address: 1111 Kane Concourse, Miami, Fl, Florida, 33154. Link to Prudent II Filing: 000121465916014339.
Analysis of Prudent II Offering
On average, startups in the Investing sector, sell 66.70% of the total offering amount. Prudent II sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Investing industry is $1.41 million. The offering was 100.00% smaller than the average of $1.41 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $10000. 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 Prudent II Also
The Form D signed by Dennis Klemming might help Prudent II 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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