Mouth Foods Financing
Mouth Foods, Inc., Corporation just released form D regarding $1.50 million debt financing. This is a new filing. Mouth Foods was able to fundraise $536,369 so far. That is 35.76% of the offering. The total financing amount was $1.50 million. The financing form was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $963,631 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mouth Foods is based in New York. The firm’s business is not disclosed. The SEC form was submitted by Craig Kanarick President and CEO. The company was incorporated in 2012. The filler’s address is: 68 Jay Street, Suite 316, Brooklyn, Ny, New York, 11201. Craig Kanarick is the related person in the form and it has address: 68 Jay Street, Suite 201, Brooklyn, Ny, New York, 11201. Link to Mouth Foods Filing: 000154361916000006.
Analysis of Mouth Foods Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Mouth Foods sold 35.76% of the offering. The financing is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 82.41% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising 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 Mouth Foods Also
The Form D signed by Craig Kanarick might help Mouth Foods, 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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