Sheyenne Plaza Financing
Sheyenne Plaza, Llc, Limited Liability Company just submitted form D because of $10.00 million equity and debt financing. This is a new filing. Sheyenne Plaza, Llc is expected to sell $10.00 million in this fundraising. The total offering amount was $10.00 million. The offering form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sheyenne Plaza is based in North Dakota. The filler’s business is Commercial. The form D was signed by Todd Berning President. The company was incorporated in 2016. The filler’s address is: 400 10Th Street Se, Minot, Nd, North Dakota, 58701. Todd Berning is the related person in the form and it has address: 400 10Th Street Se, Minot, Nd, North Dakota, 58701. Link to Sheyenne Plaza Filing: 000169004516000002.
Analysis of Sheyenne Plaza Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering size. Sheyenne Plaza sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising was set at $10000. 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 Sheyenne Plaza Also
The Form D signed by Todd Berning might help Sheyenne Plaza, 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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