Target Solar Financing
Target Solar, Llc, Limited Liability Company just had published form D regarding $300,000 equity and debt financing. This is a new filing. Target Solar, Llc is expected to sell $300,000 in this financing round. The total offering amount was $300,000. The financing form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Target Solar is based in Tennessee. The firm’s business is Other Technology. The D form was signed by Michael Cassity Founder and Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 718 Thompson Lane, Suite 108310, Nashville, Tn, Tennessee, 37204. George Michael Cassity is the related person in the form and it has address: 718 Thompson Lane, Suite 108310, Nashville, Tn, Tennessee, 37204-3612. Link to Target Solar Filing: 000168857316000005.
Analysis of Target Solar Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Target Solar sold 0.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising 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 Target Solar Also
The Form D signed by Michael Cassity might help Target Solar, 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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