E121 Acquisition Financing
E121 Acquisition Llc, Limited Liability Company just released form D about $325,000 equity financing. This is a new filing. E121 Acquisition was able to finance itself with $227,500 so far. That is 70.00% of the offering. The total fundraising amount was $325,000. This form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $97,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
The firm’s business is not disclosed. The form was submitted by Jon B Victor Manager of JV Acquisition LLC, the Managing Member. The company was incorporated in 2016. The filler’s address is: 20 Glover Avenue, 2Nd Floor, Norwalk, Ct, Connecticut, 06850. Jon B. Victor is the related person in the form and it has address: 283 Main Street, New Canaan, Ct, Connecticut, 06840. Link to E121 Acquisition Filing: 000169053916000001.
Analysis of E121 Acquisition Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. E121 Acquisition sold 70.00% of the offering. The financing is still open. Could this mean that the trust in E121 Acquisition is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 92.54% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing was set at $0. 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 E121 Acquisition Also
The Form D signed by Jon B Victor might help E121 Acquisition Llc’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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.