Tower Birmingham Financing
Tower Birmingham, Llc, Limited Liability Company just had published form D for $1.18 million equity financing. This is a new filing. Tower Birmingham was able to finance itself with $1.03 million. That is 87.23% of the round of financing. The total offering amount was $1.18 million. The financing form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tower Birmingham is based in Alabama. The firm’s business is Commercial. The D form was submitted by Stephen Marks Jr Senior Vice President of Manager. The company was incorporated in 2016. The filler’s address is: 250 West Main St., Suite 101, Woodland, Ca, California, 95695. Welborn Chris is the related person in the form and it has address: 250 West Main Street, Woodland, Ca, California, 95695. Link to Tower Birmingham Filing: 000169058116000001.
Analysis of Tower Birmingham Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering amount. Tower Birmingham sold 87.23% of the offering. The financing is still open. Could this mean that the trust in Tower Birmingham is high? The average offering size for companies in the Commercial industry is $1.60 million. The offering was 35.94% smaller than the average of $1.60 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this offering 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 Tower Birmingham Also
The Form D signed by Stephen Marks Jr might help Tower Birmingham, 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.
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