Church Llc, Limited Liability Company just released form D about $525,000 equity financing. This is a new filing. Church was able to sell $180,000 so far. That is 34.29% of the fundraising. The total financing amount was $525,000. The offering form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $345,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Church is based in Utah. The company’s business is Restaurants. The D form was signed by Paul Hickey Manager. The company was incorporated in 2016. The filler’s address is: 11 Cobblewood Cove, Sandy, Ut, Utah, 84092. Paul Hickey is the related person in the form and it has address: 11 Cobblewood Cove, Sandy, Ut, Utah, 84092. Link to Church Filing: 000169005916000001.
Analysis of Church Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Church sold 34.29% of the offering. The fundraising is still open. The average investment floor size for companies in the Restaurants industry is $302,000. The offering was 40.40% smaller than the average of $302,000. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing is 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 Church Also
The Form D signed by Paul Hickey might help Church 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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