Yellow River (Cayman) Financing
Yellow River (Cayman) Ltd, just filed form D announcing $10.00 million equity financing. This is a new filing. Yellow River (Cayman) was able to finance itself with $8.06 million. That is 80.58% of the fundraising. The total fundraising amount was $10.00 million. The private financing document was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $1.94 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Yellow River (Cayman) is based in New Jersey. The firm’s business is Retailing. The form D was filed by Alan Clingman CEO. The company was incorporated in 2016. The filler’s address is: One Capital Place, 4Th Floor, Georgetown, E9, Cayman Islands, Ky1-1103. Alan Clingman is the related person in the form and it has address: 355 Madison Avenue, 27Th Floor, New York, Ny, New York, 10017. Link to Yellow River (Cayman) Filing: 000167409516000001.
Analysis of Yellow River (Cayman) Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. Yellow River (Cayman) sold 80.58% of the offering. The fundraising is still open. Could this mean that the trust in Yellow River (Cayman) is high? The average offering amount for companies in the Retailing industry is $45,600. The total amount raised is 17,570.02% bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising was set at $0. 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 Yellow River (Cayman) Also
The Form D signed by Alan Clingman might help Yellow River (Cayman) Ltd’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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