Aquesta Financial Holdings Financing
Aquesta Financial Holdings, Inc., Corporation just released form D about $15.00 million equity financing. This is a new filing. Aquesta Financial Holdings was able to fundraise $1.80 million so far. That is 12.02% of the financing round. The total financing amount was $15.00 million. The private financing document was filed on 2016-11-03. The reason for the financing was: Assumes the maximum amount of securities are sold in the offering, and sales agent is paid a five percent fee on all such sales. Sales agent may be paid a reduced two percent fee on certain sales in the offering.. The fundraising still has about $13.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Aquesta Financial Holdings is based in North Carolina. The firm’s business is Commercial Banking. The SEC form was signed by Jim Engel CEO & President. The company was incorporated in 2013. The filler’s address is: 19510 Jetton Road, Cornelius, Nc, North Carolina, 28031. Jim Engel is the related person in the form and it has address: 19510 Jetton Road, Cornelius, Nc, North Carolina, 28031. Link to Aquesta Financial Holdings Filing: 000168788416000003.
Analysis of Aquesta Financial Holdings Offering
On average, companies in the Commercial Banking sector, sell 44.00% of the total offering size. Aquesta Financial Holdings sold 12.02% of the offering. The financing is still open. The average fundraising amount for companies in the Commercial Banking industry is $2.90 million. The offering was 37.85% smaller than the average of $2.90 million. Of course this should not be taken as negative. Firms raise funds 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 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 Aquesta Financial Holdings Also
The Form D signed by Jim Engel might help Aquesta Financial 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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