Form D Worth Watching: Reach4entertainment Enterprises Plc $122221 Fundraising. David Stoller Submitted Nov 1 Form D

Reach4entertainment Enterprises Plc - David Stoller

Reach4entertainment Enterprises Plc Financing

Reach4entertainment Enterprises Plc, just submitted form D about $122,221 equity financing. This is a new filing. Reach4entertainment Enterprises Plc was able to fundraise $122,221. That is 100.00% of the round of financing. The total fundraising amount was $122,221. The private financing document was filed on 2016-11-01. The reason for the financing was: 6,652,566 ordinary shares at aggregate purchase price of GBP 99,788.49. Offering amount based on exchange rate on 11/1/2016 of 1 GBP = 1.22480 USD..

Reach4entertainment Enterprises Plc is based in United Kingdom. The filler’s business is not disclosed. The form D was filed by David Stoller CEO and Director. The company was incorporated more than five years ago. The filler’s address is: Wellington House, 125 Strand, London, X0, United Kingdom, Wc2r 0Ap. David Stoller is the related person in the form and it has address: Wellington House, 125 Strand, London, X0, United Kingdom, Wc2r 0Ap. Link to Reach4entertainment Enterprises Plc Filing: 000114036116085516.

Analysis of Reach4entertainment Enterprises Plc Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Reach4entertainment Enterprises Plc sold 100.00% of the offering. Could this mean that the trust in Reach4entertainment Enterprises Plc is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 95.99% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. The minimum investment for this offering is 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 Reach4entertainment Enterprises Plc Also

The Form D signed by David Stoller might help Reach4entertainment Enterprises Plc’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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