Form D To Observe: Allegiance Broadway Film $1.45 million Financing. Lorenzo Thione Submitted Nov 3 Filing

Allegiance Broadway Film, Llc - Lorenzo Thione

Allegiance Broadway Film Financing

Allegiance Broadway Film, Llc, Limited Liability Company just filed form D for $1.45 million equity financing. This is a new filing. Allegiance Broadway Film, Llc is expected to sell $1.45 million in this financing round. The total financing amount was $1.45 million. This form was filed on 2016-11-03. The reason for the financing was: Minimum offering amount is $1,200,000; maximum offering amount is $1,450,000.. The fundraising still has about $1.45 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Allegiance Broadway Film is based in New York. The filler’s business is not disclosed. The D form was submitted by Lorenzo Thione The Manager of the Manager of the Issuer. The company was incorporated in 2016. The filler’s address is: C/O Sing Out, Louise! Productions, Llc, 1001 Avenue Of The Americas, 14Th Floor, New York, Ny, New York, 10018. Llc Sing Out, Louise! Productions, is the related person in the form and it has address: 1001 Avenue Of The Americas, Floor 14, New York, Ny, New York, 10018. Link to Allegiance Broadway Film Filing: 000168199616000001.

Analysis of Allegiance Broadway Film Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Allegiance Broadway Film sold 0.00% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this financing is 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 Allegiance Broadway Film Also

The Form D signed by Lorenzo Thione might help Allegiance Broadway Film, 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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