Today’s Form D On Watch: Rainmaker Holdings IIi $2.50 million Financing. Prakash Maggan Published Nov 9 form D

Lodging and Conventions Rainmaker Holdings IIi Llc - Prakash Maggan

Rainmaker Holdings IIi Financing

Rainmaker Holdings IIi Llc, Limited Liability Company just had published form D announcing $2.50 million equity financing. This is a new filing. Rainmaker Holdings IIi was able to fundraise $575,000 so far. That is 23.00% of the round of financing. The total private financing amount was $2.50 million. The fundraising form was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $1.93 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rainmaker Holdings IIi is based in Alabama. The filler’s business is Lodging and Conventions. The form D was filed by Prakash Maggan Manager of RHIII, LLC, the Managing Member. The company was incorporated in 2016. The filler’s address is: 2240 Executive Drive, Suite 201, Lexington, Ky, Kentucky, 40505. Prakash Maggan is the related person in the form and it has address: 2240 Executive Drive, Suite 201, Lexington, Ky, Kentucky, 40505. Link to Rainmaker Holdings IIi Filing: 000094039716000021.

Analysis of Rainmaker Holdings IIi Offering

On average, firms in the Lodging and Conventions sector, sell 27.00% of the total offering amount. Rainmaker Holdings IIi sold 23.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Lodging and Conventions industry is $693,000. The offering was 17.03% smaller than the average of $693,000. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing was set at $25000. 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 Rainmaker Holdings IIi Also

The Form D signed by Prakash Maggan might help Rainmaker Holdings IIi 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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