Beamreach Solar Financing
Beamreach Solar, Inc., Corporation just released form D announcing $16.20 million debt financing. This is a new filing. Beamreach Solar was able to fundraise $8.06 million so far. That is 49.73% of the financing offer. The total private offering amount was $16.20 million. The form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $8.14 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Beamreach Solar is based in California. The company’s business is Other Energy. The D form was submitted by Marinus Mark Kerstens Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1530 Mccarthy Blvd., Milpitas, Ca, California, 95035. Michael Wingert is the related person in the form and it has address: C/O Solexel, Inc., 1530 Mccarthy Blvd., Milpitas, Ca, California, 95035. Link to Beamreach Solar Filing: 000154983716000006.
Analysis of Beamreach Solar Offering
On average, companies in the Other Energy sector, sell 65.00% of the total offering size. Beamreach Solar sold 49.73% of the offering. The financing is still open. The average fundraising size for companies in the Other Energy industry is $1.11 million. The total amount raised is 627.71% bigger than the average for companies in the Other Energy sector. The minimum investment for this offering is set at $0. 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 Beamreach Solar Also
The Form D signed by Marinus Mark Kerstens might help Beamreach Solar, 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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