SEC Form D Coverage: Tribucha $475968 Financing. Adrian Larrea Released Nov 2 Filing

Tribucha, Inc. - Adrian Larrea

Tribucha Financing

Tribucha, Inc., Corporation just submitted form D announcing $475,968 equity financing. This is a new filing. Tribucha was able to sell $375,968 so far. That is 78.99% of the offering. The total financing amount was $475,968. This form was filed on 2016-11-02. The reason for the financing was: Proceeds will be used for working capital, which may include normal compensation to executive officers.. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tribucha is based in North Carolina. The company’s business is not disclosed. The form D was submitted by Adrian Larrea CEO. The company was incorporated in 2016. The filler’s address is: 4724 Hargrove Road, Suite 192, Raleigh, Nc, North Carolina, 27616. Adrian Larrea is the related person in the form and it has address: 4724 Hargrove Road, Suite 192, Raleigh, Nc, North Carolina, 27616. Link to Tribucha Filing: 000168921616000001.

Analysis of Tribucha Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Tribucha sold 78.99% of the offering. The fundraising is still open. Could this mean that the trust in Tribucha is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 87.67% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this financing was 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 Tribucha Also

The Form D signed by Adrian Larrea might help Tribucha, 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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