Apollo Agriculture Financing
Apollo Agriculture, Inc., Corporation just had published form D for $2.00 million debt financing. This is a new filing. Apollo Agriculture was able to sell $550,000 so far. That is 27.50% of the fundraising offer. The total financing amount was $2.00 million. The financing document was filed on 2016-11-05. The reason for the financing was: unspecified. The fundraising still has about $1.45 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Apollo Agriculture is based in California. The firm’s business is not disclosed. The D form was submitted by Eli John Pollak Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 1555 8Th Street, Oakland, Ca, California, 95607. Eli John Pollak is the related person in the form and it has address: 1555 8Th Avenue, Oakland, Ca, California, 94607. Link to Apollo Agriculture Filing: 000168926416000001.
Analysis of Apollo Agriculture Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Apollo Agriculture sold 27.50% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 81.97% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for different 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 Apollo Agriculture Also
The Form D signed by Eli John Pollak might help Apollo Agriculture, 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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