Terminal City Club Financing
Terminal City Club Inc., Corporation just filed form D about $1 equity financing. This is a new filing. Terminal City Club was able to sell $1. That is 100.00% of the financing round. The total offering amount was $1. The private financing document was filed on 2016-11-17. The reason for the financing was: CAD$1.00 BASED ON THE BANK OF CANADA’S U.S. DOLLAR NOON EXCHANGE RATE OF USD$0.7498 ON NOVEMBER 8, 2016..
Terminal City Club is based in British Columbia – Canada. The firm’s business is not disclosed. The SEC form was filed by Peter Jackman General Manager. The company was incorporated more than five years ago. The filler’s address is: 837 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 1B6. Anne Frances Barnes is the related person in the form and it has address: 837 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 1B6. Link to Terminal City Club Filing: 000108503716000366.
Analysis of Terminal City Club Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Terminal City Club sold 100.00% of the offering. Could this mean that the trust in Terminal City Club is high? The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for different reasons and needs. The minimum investment for this financing 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 Terminal City Club Also
The Form D signed by Peter Jackman might help Terminal City Club 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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