Tank Vault Financing
Tank Vault, Llc, Limited Liability Company just had published form D announcing $1.50 million equity financing. This is a new filing. Tank Vault, Llc is expected to sell $1.50 million in this financing round. The total private financing amount was $1.50 million. The form was filed on 2016-11-14. The reason for the financing was: Total offering amount = $500,000-$1,500,000. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tank Vault is based in Oklahoma. The firm’s business is Other Technology. The SEC form was submitted by Bradd Schwartz President. The company was incorporated in 2014. The filler’s address is: 2940 Nw 156Th Street, Edmond, Ok, Oklahoma, 73013. Bradd Schwartz is the related person in the form and it has address: 2940 Nw 156Th Street, Oklahoma City, Ok, Oklahoma, 73013. Link to Tank Vault Filing: 000167593016000002.
Analysis of Tank Vault Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Tank Vault sold 0.00% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing was set at $50000. 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 Tank Vault Also
The Form D signed by Bradd Schwartz might help Tank Vault, 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.
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.