Frost Group Financing
Frost Group, Inc., Corporation just filed form D for $2.00 million equity financing. This is a new filing. Frost Group, Inc. is expected to fundraise $2.00 million in this round of financing. The total fundraising amount was $2.00 million. The fundraising form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Frost Group is based in Washington. The firm’s business is Restaurants. The form D was signed by Ryan Montecucco Attorney. The company was incorporated in 2015. The filler’s address is: 15217 Main Street, Mill Creek, Wa, Washington, 98012. Delfino Hernandez Iii is the related person in the form and it has address: 15217 Main Street, Mill Creek, Wa, Washington, 98012. Link to Frost Group Filing: 000165550616000002.
Analysis of Frost Group Offering
On average, firms in the Restaurants sector, sell 99.00% of the total offering size. Frost Group sold 0.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Restaurants industry is $302,000. The offering was 100.00% smaller than the average of $302,000. Of course this should not be seen as negative. Startups get financed for different reasons and needs. The minimum investment for this financing was 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 Frost Group Also
The Form D signed by Ryan Montecucco might help Frost Group, 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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