Palladium Group Holdings Pty Financing
Palladium Group Holdings Pty Ltd, Corporation just filed form D announcing $3.22 million equity and debt financing. This is a new filing. Palladium Group Holdings Pty was able to sell $3.07 million. That is 95.24% of the financing offer. The total offering amount was $3.22 million. The financing document was filed on 2016-11-08. The reason for the financing was: Total amount sold reflects stock grants to U.S. employees in the amount of $151,871.00.. The fundraising still has about $153,470 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Palladium Group Holdings Pty is based in Australia. The company’s business is not disclosed. The SEC form was submitted by Darryn Purdy Director. The company was incorporated more than five years ago. The filler’s address is: Level 6 Trustee House, 444 Queen Street, Brisbane, C3, Australia, 4000. Darryn Michael Purdy is the related person in the form and it has address: 9 Ranley Terrace, Paddington, Queensland, C3, Australia, 4061. Link to Palladium Group Holdings Pty Filing: 000165276816000002.
Analysis of Palladium Group Holdings Pty Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Palladium Group Holdings Pty sold 95.24% of the offering. The fundraising is still open. Could this mean that the trust in Palladium Group Holdings Pty is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The total amount raised is 0.64% bigger than the average for companies in the database. The minimum investment for this offering 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 Palladium Group Holdings Pty Also
The Form D signed by Darryn Purdy might help Palladium Group Holdings Pty Ltd’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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