Lucid Creative Group Financing
Lucid Creative Group, Llc, Limited Liability Company just submitted form D announcing $150,000 equity financing. This is a new filing. Lucid Creative Group was able to fundraise $150,000. That is 100.00% of the round of financing. The total offering amount was $150,000. The financing form was filed on 2016-11-03. The reason for the financing was: unspecified.
Lucid Creative Group is based in Alabama. The filler’s business is Business Services. The SEC form was filed by Christopher Spillman Attorney. The company was incorporated in 2013. The filler’s address is: 20280 N. 59Th Ave, #115-14, Glendale, Az, Arizona, 85308. Justin Mcgill is the related person in the form and it has address: 4444 E Anderson Dr, Phoenix, Az, Arizona, 85032. Link to Lucid Creative Group Filing: 000168923916000001.
Analysis of Lucid Creative Group Offering
On average, startups in the Business Services sector, sell 69.04% of the total offering size. Lucid Creative Group sold 100.00% of the offering. Could this mean that the trust in Lucid Creative Group is high? The average investment offering size for companies in the Business Services industry is $583,000. The offering was 74.27% smaller than the average of $583,000. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $50000. 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 Lucid Creative Group Also
The Form D signed by Christopher Spillman might help Lucid Creative Group, 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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