Naturally Splendid Enterprises Financing
Naturally Splendid Enterprises Ltd., Corporation just filed form D announcing $6,650 equity financing. This is a new filing. Naturally Splendid Enterprises was able to sell $4,034 so far. That is 60.66% of the round of financing. The total offering amount was $6,650. The form was filed on 2016-11-15. The reason for the financing was: CAD $5,400 was received from the sale of units. Total remaining to be sold represents amounts that may be received on exercise of warrants at CAD $0.35 on or before November 7, 2018. Exchange rate used CAD $1.00 = US $0.7472.. The fundraising still has about $2,616 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Naturally Splendid Enterprises is based in British Columbia – Canada. The company’s business is not disclosed. The SEC form was filed by J Craig Goodwin Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 19100 Airport Way, Unit 108, Pitt Meadows, A1, British Columbia, Canada, V3y 0E2. Jon Craig Goodwin is the related person in the form and it has address: 19100 Airport Way, Unit 108, Pitt Meadows, A1, British Columbia, Canada, V3y 0E2. Link to Naturally Splendid Enterprises Filing: 000153412216000120.
Analysis of Naturally Splendid Enterprises Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Naturally Splendid Enterprises sold 60.66% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 99.87% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different 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 Naturally Splendid Enterprises Also
The Form D signed by J Craig Goodwin might help Naturally Splendid Enterprises Ltd.’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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