Green Source Holdings Financing
Green Source Holdings Llc, Limited Liability Company just had published form D regarding $33.00 million equity financing. The date of first sale was 2013-08-19. Green Source Holdings was able to finance itself with $29.46 million. That is 89.28% of the fundraising. The total private offering amount was $33.00 million. This form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $3.54 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Green Source Holdings is based in Texas. The filler’s business is Other Energy. The D form was submitted by John Harley Walsh Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1100 Nueces Street, Austin, Tx, Texas, 78701. – Bootstrap Holdings Group Llc is the related person in the form and it has address: 1100 Nueces Street, Austin, Tx, Texas, 78701. Link to Green Source Holdings Filing: 000114420416134893.
Analysis of Green Source Holdings Offering
On average, startups in the Other Energy sector, sell 65.00% of the total offering size. Green Source Holdings sold 89.28% of the offering. The fundraising is still open. Could this mean that the trust in Green Source Holdings is high? The average offering amount for companies in the Other Energy industry is $1.11 million. The total amount raised is 2,561.40% bigger than the average for companies in the Other Energy sector. The minimum investment for this fundraising is set at $0. 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 Green Source Holdings Also
The Form D signed by John Harley Walsh might help Green Source Holdings 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.