Zenith Hospitality Financing
Zenith Hospitality, Llc, Limited Liability Company just filed form D announcing $1.75 million equity financing. This is a new filing. Zenith Hospitality was able to sell $1.75 million. That is 100.00% of the financing offer. The total private offering amount was $1.75 million. The financing document was filed on 2016-11-09. The reason for the financing was: unspecified.
Zenith Hospitality is based in Texas. The filler’s business is Commercial. The form D was signed by Vijay Patel President. The company was incorporated in 2016. The filler’s address is: 6403 U.S. Hwy. 290 West, Austin, Tx, Texas, 78735. Vijay Patel is the related person in the form and it has address: 6403 U.S. Hwy. 290 West, Austin, Tx, Texas, 78735. Link to Zenith Hospitality Filing: 000168971316000001.
Analysis of Zenith Hospitality Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. Zenith Hospitality sold 100.00% of the offering. Could this mean that the trust in Zenith Hospitality is high? The average offering amount for companies in the Commercial industry is $1.60 million. The total amount raised is 9.38% bigger than the average for companies in the Commercial sector. The minimum investment for this fundraising was set at $750000. 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 Zenith Hospitality Also
The Form D signed by Vijay Patel might help Zenith Hospitality, 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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