Noble Environmental Financing
Noble Environmental, Inc., Corporation just had published form D for $3.00 million equity financing. This is a new filing. Noble Environmental was able to finance itself with $2.52 million. That is 83.83% of the fundraising. The total offering amount was $3.00 million. The fundraising form was filed on 2016-11-13. The reason for the financing was: unspecified. The fundraising still has about $485,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Noble Environmental is based in Pennsylvania. The filler’s business is Environmental Services. The SEC form was signed by Richard Walton President. The company was incorporated in 2016. The filler’s address is: 2195 Morgantown Road, Uniontown, Pa, Pennsylvania, 15401. Richard Walton is the related person in the form and it has address: 2195 Morgantown Road, Uniontown, Pa, Pennsylvania, 15401. Link to Noble Environmental Filing: 000168576316000001.
Analysis of Noble Environmental Offering
On average, firms in the Environmental Services sector, sell 68.00% of the total offering amount. Noble Environmental sold 83.83% of the offering. The financing is still open. Could this mean that the trust in Noble Environmental is high? The average investment floor size for companies in the Environmental Services industry is $541,000. The total amount raised is 364.88% bigger than the average for companies in the Environmental Services sector. The minimum investment for this offering was 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 Noble Environmental Also
The Form D signed by Richard Walton might help Noble Environmental, 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.
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