Hendricks Resources Financing
Hendricks Resources Ltd, just submitted form D regarding $100.00 million equity financing. This is a new filing. Hendricks Resources was able to finance itself with $21.65 million so far. That is 21.65% of the offering. The total offering amount was $100.00 million. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $78.35 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Hendricks Resources is based in Kentucky. The filler’s business is Coal Mining. The SEC form was filed by R William West Director. The company was incorporated more than five years ago. The filler’s address is: 28-30 The Parade, St. Helier, Y9, Jersey, Je1 1Eq. Julian Mcintyre is the related person in the form and it has address: 30A Brook Street, London, X0, United Kingdom, W1k 5Dj. Link to Hendricks Resources Filing: 000163760616000004.
Analysis of Hendricks Resources Offering
On average, firms in the Coal Mining sector, sell 100.00% of the total offering size. Hendricks Resources sold 21.65% of the offering. The fundraising is still open. The average offering amount for companies in the Coal Mining industry is $1.00 million. The total amount raised is 2,065.00% bigger than the average for companies in the Coal Mining sector. The minimum investment for this offering 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 Hendricks Resources Also
The Form D signed by R William West might help Hendricks Resources Ltd’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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