Delta Ortho Financing
Delta Ortho, Llc, Limited Liability Company just submitted form D announcing $250,000 equity financing. This is a new filing. Delta Ortho was able to fundraise $240,000. That is 96.00% of the financing offer. The total fundraising amount was $250,000. The financing document was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $10,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Delta Ortho is based in California. The company’s business is not disclosed. The form was signed by Benjamin Arnold President. The company was incorporated in 2016. The filler’s address is: 215 S. Highway 101, Suite 200, Solana Beach, Ca, California, 92075. Benjamin Arnold is the related person in the form and it has address: C/O Delta Ortho, Llc, 215 S. Highway 101, Suite 200, Solana Beach, Ca, California, 92075. Link to Delta Ortho Filing: 000169041316000001.
Analysis of Delta Ortho Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Delta Ortho sold 96.00% of the offering. The fundraising is still open. Could this mean that the trust in Delta Ortho is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 92.13% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising was set at $0. 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 Delta Ortho Also
The Form D signed by Benjamin Arnold might help Delta Ortho, 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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