Loge Co Financing
Loge Co, Corporation just had published form D about $300,000 debt financing. This is a new filing. Loge Co was able to sell $40,000 so far. That is 13.33% of the fundraising offer. The total private offering amount was $300,000. This form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $260,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Loge Co is based in Alabama. The firm’s business is Lodging and Conventions. The SEC form was submitted by Johannes Ariens CEO. The company was incorporated in 2016. The filler’s address is: 1416 S Montesano St, Westport, Wa, Washington, 98595. Johannes Ariens is the related person in the form and it has address: 6401 Flora Ave S, Seattle, Wa, Washington, 98108. Link to Loge Co Filing: 000168979816000001.
Analysis of Loge Co Offering
On average, companies in the Lodging and Conventions sector, sell 27.00% of the total offering size. Loge Co sold 13.33% of the offering. The fundraising is still open. The average investment size for companies in the Lodging and Conventions industry is $693,000. The offering was 94.23% smaller than the average of $693,000. Of course this should not be taken as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering was set at $1. 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 Loge Co Also
The Form D signed by Johannes Ariens might help Loge Co’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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