Quichapa 1 Financing
Quichapa 1, Llc, Limited Liability Company just submitted form D for $2.83 million equity financing. This is a new filing. Quichapa 1 was able to sell $1.42 million so far. That is 50.00% of the fundraising offer. The total fundraising amount was $2.83 million. The form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $1.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Quichapa 1 is based in Alabama. The company’s business is Other Energy. The D form was signed by NATHAN W RICKS MANAGER. The company was incorporated in 2016. The filler’s address is: 2801 North Thanksgiving Way, Suite 100, Lehi, Ut, Utah, 84043. Nathan W. Ricks is the related person in the form and it has address: 2801 North Thanksgiving Way, Suite 100, Lehi, Ut, Utah, 84043. Link to Quichapa 1 Filing: 000168955916000001.
Analysis of Quichapa 1 Offering
On average, firms in the Other Energy sector, sell 65.00% of the total offering size. Quichapa 1 sold 50.00% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Energy industry is $1.11 million. The total amount raised is 27.87% bigger than the average for companies in the Other Energy sector. The minimum investment for this fundraising 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 Quichapa 1 Also
The Form D signed by NATHAN W RICKS might help Quichapa 1, 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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