Sigma Holdings Financing
Sigma Holdings, Inc., Corporation just filed form D because of $3.00 million equity financing. This is a new filing. Sigma Holdings was able to fundraise $849,839 so far. That is 28.33% of the round of financing. The total private financing amount was $3.00 million. The offering form was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $2.15 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sigma Holdings is based in Arkansas. The firm’s business is Commercial Banking. The form D was submitted by Troy Duek Secretary. The company was incorporated in 2013. The filler’s address is: 6110 Hwy 5, Bryant, Ar, Arkansas, 72022. Lewis Gardner is the related person in the form and it has address: 6110 Hwy 5, Bryant, Ar, Arkansas, 72022. Link to Sigma Holdings Filing: 000168806416000001.
Analysis of Sigma Holdings Offering
On average, startups in the Commercial Banking sector, sell 44.00% of the total offering amount. Sigma Holdings sold 28.33% of the offering. The financing is still open. The average fundraising size for companies in the Commercial Banking industry is $2.90 million. The offering was 70.71% smaller than the average of $2.90 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising is set at $1. 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 Sigma Holdings Also
The Form D signed by Troy Duek might help Sigma 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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