Covemark Legacy Rivers Financing
Covemark Legacy Rivers Llc, Limited Liability Company just submitted form D because of $1.50 million equity financing. This is a new filing. Covemark Legacy Rivers was able to finance itself with $100,000 so far. That is 6.67% of the financing offer. The total financing amount was $1.50 million. The form was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $1.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Covemark Legacy Rivers is based in Alabama. The firm’s business is Oil and Gas. The form D was submitted by Merrill Kaliser Attorney in Fact. The company was incorporated in 2016. The filler’s address is: 5760 Legacy Drive Suite B3-318, Plano, Tx, Texas, 75024. Aaron Cook is the related person in the form and it has address: 5760 Legacy Drive Suite B3-318, Plano, Tx, Texas, 75024. Link to Covemark Legacy Rivers Filing: 000168927816000001.
Analysis of Covemark Legacy Rivers Offering
On average, startups in the Oil and Gas sector, sell 13.77% of the total offering size. Covemark Legacy Rivers sold 6.67% of the offering. The fundraising is still open. The average financing size for companies in the Oil and Gas industry is $227,000. The offering was 55.95% smaller than the average of $227,000. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $25000. 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 Covemark Legacy Rivers Also
The Form D signed by Merrill Kaliser might help Covemark Legacy Rivers 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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