Texas Oil Partners Newport #1 Financing
Texas Oil Partners Llc Newport #1, L.P., Limited Partnership just filed form D regarding $775,000 equity financing. This is a new filing. Texas Oil Partners Newport #1 was able to sell $58,125 so far. That is 7.50% of the financing offer. The total offering amount was $775,000. The private financing document was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $716,875 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Texas Oil Partners Newport #1 is based in Texas. The filler’s business is Oil and Gas. The form D was signed by Jerret H Shuck Manager of GP of Issuer. The company was incorporated in 2016. The filler’s address is: 2711 North Haskell, Suite 550, Dallas, Tx, Texas, 75204. Jerret H. Shuck is the related person in the form and it has address: 2711 North Haskell, Suite 550, Dallas, Tx, Texas, 75204. Link to Texas Oil Partners Newport #1 Filing: 000168963416000001.
Analysis of Texas Oil Partners Newport #1 Offering
On average, companies in the Oil and Gas sector, sell 13.77% of the total offering size. Texas Oil Partners Newport #1 sold 7.50% of the offering. The financing is still open. The average offering amount for companies in the Oil and Gas industry is $227,000. The offering was 74.39% smaller than the average of $227,000. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering is set at $19375. 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 Texas Oil Partners Newport #1 Also
The Form D signed by Jerret H Shuck might help Texas Oil Partners Llc Newport #1, L.P.’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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