Shadowbox Holdings Financing
Shadowbox Holdings Llc, Limited Liability Company just released form D regarding $2.50 million debt financing. This is a new filing. Shadowbox Holdings was able to fundraise $1.00 million so far. That is 40.00% of the financing offer. The total financing amount was $2.50 million. This form was filed on 2016-11-10. 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.
Shadowbox Holdings is based in Alabama. The company’s business is not disclosed. The form was signed by Daniel Glazer President. The company was incorporated in 2016. The filler’s address is: 81 Prospect Street, Brooklyn, Ny, New York, 11201. Daniel Glazer is the related person in the form and it has address: 81 Prospect Street, Brooklyn, Ny, New York, 11201. Link to Shadowbox Holdings Filing: 000168867316000001.
Analysis of Shadowbox Holdings Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Shadowbox Holdings sold 40.00% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 67.21% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing 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 Shadowbox Holdings Also
The Form D signed by Daniel Glazer might help Shadowbox Holdings 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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