Spi Mission Ranch Financing
Spi Mission Ranch, Llc, Limited Liability Company just released form D about $9.50 million equity financing. This is a new filing. Spi Mission Ranch, Llc is expected to finance itself with $9.50 million in this round of financing. The total private offering amount was $9.50 million. The offering form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $9.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Spi Mission Ranch is based in Texas. The company’s business is Commercial. The form D was submitted by David Utley Attorney In Fact. The company was incorporated in 2016. The filler’s address is: 7460 Warren Parkway, #100, Frisco, Tx, Texas, 75034. Michael Becker is the related person in the form and it has address: 7460 Warren Parkway, #100, Frisco, Tx, Texas, 75034. Link to Spi Mission Ranch Filing: 000168949416000001.
Analysis of Spi Mission Ranch Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Spi Mission Ranch sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this offering is set at $100000. If you know more about the reasons for the fundraising, 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 Spi Mission Ranch Also
The Form D signed by David Utley might help Spi Mission Ranch, 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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