Spectrum Development Opportunity II Financing
Spectrum Development Opportunity II, Llc, Limited Liability Company just released form D for $75.00 million equity financing. This is a new filing. Spectrum Development Opportunity II was able to fundraise $21.00 million so far. That is 28.00% of the fundraising. The total private financing amount was $75.00 million. This form was filed on 2016-11-15. The reason for the financing was: Payments to affiliates for reimbursement of expenses, brokerage commission, site design, post-opening marketing/sales fees and other fees (disclosed in ppm) for estimated 9 senior living communities. Other payments cannot be ascertained at this time.. The fundraising still has about $54.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Spectrum Development Opportunity II is based in Colorado. The company’s business is Other Real Estate. The form D was signed by John M Sevo Issuer’s Manager. The company was incorporated in 2016. The filler’s address is: 200 Spruce Street, Suite 200, Denver, Co, Colorado, 80230. John M. Sevo is the related person in the form and it has address: 200 Spruce Street, Suite 200, Denver, Co, Colorado, 80230. Link to Spectrum Development Opportunity II Filing: 000169048516000001.
Analysis of Spectrum Development Opportunity II Offering
On average, companies in the Other Real Estate sector, sell 100.00% of the total offering amount. Spectrum Development Opportunity II sold 28.00% of the offering. The financing is still open. The average fundraising size for companies in the Other Real Estate industry is $931,000. The total amount raised is 2,155.64% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this offering is 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 Spectrum Development Opportunity II Also
The Form D signed by John M Sevo might help Spectrum Development Opportunity II, 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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