Live Oak Central Financing
Live Oak Central, Inc., Corporation just filed form D because of $2.00 million equity financing. This is a new filing. Live Oak Central was able to finance itself with $1.23 million so far. That is 61.25% of the financing round. The total fundraising amount was $2.00 million. The fundraising form was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $775,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Live Oak Central is based in Alabama. The firm’s business is not disclosed. The form D was filed by Steven E Hanley Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 3475 Oak Valley Road Ne, Unit 2150, Atlanta, Ga, Georgia, 30326-1289. Steven E. Hanley is the related person in the form and it has address: 3475 Oak Valley Road, N.E., Unit 2150, Atlanta, Ga, Georgia, 30326-1289. Link to Live Oak Central Filing: 000169043816000001.
Analysis of Live Oak Central Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Live Oak Central sold 61.25% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 59.84% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $25000. 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 Live Oak Central Also
The Form D signed by Steven E Hanley might help Live Oak Central, 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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