Bnnt Materials Financing
Bnnt Materials, Llc, Limited Liability Company just filed form D because of $1.74 million equity financing. This is a new filing. Bnnt Materials was able to finance itself with $1.32 million so far. That is 75.57% of the round of financing. The total financing amount was $1.74 million. This form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $425,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bnnt Materials is based in Virginia. The company’s business is Manufacturing. The SEC form was submitted by Jerrold L Miller Chairman. The company was incorporated more than five years ago. The filler’s address is: 300 Ed Wright Lane, Suite A, Newport News, Va, Virginia, 23606. Thomas W. Henneberg is the related person in the form and it has address: 300 Ed Wright Lane, Suite A, Newport News, Va, Virginia, 23606. Link to Bnnt Materials Filing: 000155139416000004.
Analysis of Bnnt Materials Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. Bnnt Materials sold 75.57% of the offering. The financing is still open. Could this mean that the trust in Bnnt Materials is high? The average investment size for companies in the Manufacturing industry is $763,000. The total amount raised is 72.35% bigger than the average for companies in the Manufacturing sector. The minimum investment for this offering 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 Bnnt Materials Also
The Form D signed by Jerrold L Miller might help Bnnt Materials, 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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