Willie’s Distillery Financing
Willie’s Distillery, Inc., Corporation just filed form D regarding $2.00 million equity financing. The date of first sale was . Willie’s Distillery, Inc. is expected to sell $2.00 million in this financing offer. The total offering amount was $2.00 million. The offering form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Willie’s Distillery is based in Montana. The filler’s business is not disclosed. The form was filed by Robin Blazer President. The company was incorporated more than five years ago. The filler’s address is: 312 East Ennis St., P.O. Box 1418, Ennis, Mt, Montana, 59729. Robin Blazer is the related person in the form and it has address: 312 E Main St., Ennis, Mt, Montana, 59729. Link to Willie’s Distillery Filing: 000144586616002919.
Analysis of Willie’s Distillery Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Willie’s Distillery sold 0.00% of the offering. The financing is still open. The average financing 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 interpreted as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this financing was set at $25000. 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 Willie’s Distillery Also
The Form D signed by Robin Blazer might help Willie’s Distillery, 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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