Moody National Academy Dst Financing
Moody National Academy Dst, just had published form D announcing $27.48 million equity financing. The date of first sale was 2016-03-02. Moody National Academy Dst was able to sell $5.62 million so far. That is 20.45% of the fundraising offer. The total fundraising amount was $27.48 million. This form was filed on 2016-11-07. The reason for the financing was: MOODY NATIONAL ACADEMY DEPOSITOR, LLC (DEPOSITOR) RESPONSIBLE FOR PAYING FEES & COSTS OF APPRX $2685000 INCLUDING $540000 TO AFFILIATE FOR PROVIDING BRIDGE LOAN. APPROX $1536425 ANTICIPATED TO BE RETAINED BY DEPOSITOR.. The fundraising still has about $21.86 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Moody National Academy Dst is based in Texas. The firm’s business is Commercial. The form was signed by Brett C Moody President of Manager. The company was incorporated in 2015. The filler’s address is: 6363 Woodway Drive, Suite 110, Houston, Tx, Texas, 77057. Brett C. Moody is the related person in the form and it has address: 6363 Woodway Drive, Suite 110, Houston, Tx, Texas, 77057. Link to Moody National Academy Dst Filing: 000165666116000002.
Analysis of Moody National Academy Dst Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering amount. Moody National Academy Dst sold 20.45% of the offering. The fundraising is still open. The average offering amount for companies in the Commercial industry is $1.60 million. The total amount raised is 251.21% bigger than the average for companies in the Commercial sector. The minimum investment for this financing was set at $200000. 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 Moody National Academy Dst Also
The Form D signed by Brett C Moody might help Moody National Academy Dst’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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