Form D To Observe: Gmi-Af $11.08 million Fundraising. William P Glass Submitted Nov 9 SEC Form

Lodging and Conventions Gmi-Af, Lp - William P Glass

Gmi-Af Financing

Gmi-Af, Lp, Limited Partnership just filed form D because of $11.08 million equity financing. The date of first sale was 2016-10-25. Gmi-Af was able to finance itself with $309,750 so far. That is 2.79% of the fundraising offer. The total private offering amount was $11.08 million. The offering form was filed on 2016-11-09. The reason for the financing was: In addition, broker dealers will share in a portion of the issuer distributions, and issuer may pay or reimburse to broker dealers certain marketing and other expenses, and may pay an additional 0.3% non-accountable marketing allowance. The fundraising still has about $10.77 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Gmi-Af is based in Texas. The company’s business is Lodging and Conventions. The form was filed by William P Glass Manager, GMI-GMI-AF GP, LLC GP, LLC, general partner. The company was incorporated in 2016. The filler’s address is: 251 O’connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. William Glass is the related person in the form and it has address: 251 O?Connor Ridge Blvd., Suite 100, Irving, Tx, Texas, 75038. Link to Gmi-Af Filing: 000168854016000002.

Analysis of Gmi-Af Offering

On average, startups in the Lodging and Conventions sector, sell 27.00% of the total offering amount. Gmi-Af sold 2.79% of the offering. The fundraising is still open. The average investment floor size for companies in the Lodging and Conventions industry is $693,000. The offering was 55.30% smaller than the average of $693,000. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. 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 Gmi-Af Also

The Form D signed by William P Glass might help Gmi-Af, Lp’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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