Flexline Fitness Financing
Flexline Fitness, Inc., Corporation just had published form D announcing $4.68 million equity financing. The date of first sale was 2016-04-29. Flexline Fitness was able to fundraise $4.68 million. That is 100.00% of the fundraising offer. The total private offering amount was $4.68 million. The financing form was filed on 2016-11-08. The reason for the financing was: unspecified.
Flexline Fitness is based in California. The company’s business is not disclosed. The SEC form was signed by John McCauley Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 756 Lakefield Road, Unit D, Westlake Village, Ca, California, 91361. Brandon Kennington is the related person in the form and it has address: 756 Lakefield Road, Unit D, Westlake Village, Ca, California, 91361. Link to Flexline Fitness Filing: 000167430116000002.
Analysis of Flexline Fitness Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Flexline Fitness sold 100.00% of the offering. Could this mean that the trust in Flexline Fitness is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The total amount raised is 53.44% bigger than the average for companies in the database. The minimum investment for this offering was 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 Flexline Fitness Also
The Form D signed by John McCauley might help Flexline Fitness, 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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