SEC Form D Coverage: 86Borders $1.50 million Fundraising. Dan McDonald Released Nov 8 D Filing

Technology 86Borders Llc - Dan McDonald

86Borders Financing

86Borders Llc, Limited Liability Company just released form D regarding $1.50 million equity financing. This is a new filing. 86Borders Llc is expected to fundraise $1.50 million in this fundraising offer. The total fundraising amount was $1.50 million. The fundraising form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

86Borders is based in Georgia. The firm’s business is Other Technology. The D form was signed by Dan McDonald CEO. The company was incorporated in 2014. The filler’s address is: 200 Galleria Parkway, Suite 1475, Atlanta, Ga, Georgia, 30339. Michael C. Mcchesney is the related person in the form and it has address: 200 Galleria Parkway, Suite 1475, Atlanta, Ga, Georgia, 30339. Link to 86Borders Filing: 000162272016000005.

Analysis of 86Borders Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. 86Borders sold 0.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering is set at $100000. 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 86Borders Also

The Form D signed by Dan McDonald might help 86Borders 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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