Form D Report: L&K Manufacturing $250000 Fundraising. Andrew Katon Released Nov 15 Filing

Technology L&K Manufacturing, Inc. - Andrew Katon

L&K Manufacturing Financing

L&K Manufacturing, Inc., Corporation just had published form D regarding $250,000 equity financing. The date of first sale was 2016-04-15. L&K Manufacturing was able to fundraise $150,000 so far. That is 60.00% of the fundraising offer. The total fundraising amount was $250,000. This form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

L&K Manufacturing is based in Maine. The filler’s business is Other Technology. The SEC form was submitted by Andrew Katon President. The company was incorporated in 2014. The filler’s address is: 40 Johnson Street, Bangor, Me, Maine, 04401. Andrew Katon is the related person in the form and it has address: 40 Johnson Street, Bangor, Me, Maine, 04401. Link to L&K Manufacturing Filing: 000166702316000003.

Analysis of L&K Manufacturing Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. L&K Manufacturing sold 60.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 90.26% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms raise funds for different reasons and needs. The minimum investment for this financing was set at $10000. 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 L&K Manufacturing Also

The Form D signed by Andrew Katon might help L&K Manufacturing, Inc.’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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment