North Texas Energy Financing
North Texas Energy, Inc., Corporation just submitted form D for $1.00 million equity financing. This is a new filing. North Texas Energy, Inc. is expected to finance itself with $1.00 million in this round of financing. The total private offering amount was $1.00 million. The private financing document was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
North Texas Energy is based in Texas. The firm’s business is Oil and Gas. The form was submitted by Kevin Jones CEO. The company was incorporated more than five years ago. The filler’s address is: 5057 Keller Springs Road, Suite 300, Addison, Tx, Texas, 75001. Kevin Jones is the related person in the form and it has address: 5057 Keller Springs Road, Suite 300, Addison, Tx, Texas, 75001. Link to North Texas Energy Filing: 000109690616002068.
Analysis of North Texas Energy Offering
On average, companies in the Oil and Gas sector, sell 13.77% of the total offering size. North Texas Energy sold 0.00% of the offering. The financing is still open. The average offering amount for companies in the Oil and Gas industry is $227,000. The offering was 100.00% smaller than the average of $227,000. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising is set at $1000. 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 North Texas Energy Also
The Form D signed by Kevin Jones might help North Texas Energy, 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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