109-05 120Th Street Financing
109-05 120Th Street, Inc., Corporation just released form D about $125,000 equity financing. This is a new filing. 109-05 120Th Street was able to fundraise $125,000. That is 100.00% of the fundraising offer. The total fundraising amount was $125,000. The offering form was filed on 2016-11-22. The reason for the financing was: unspecified.
109-05 120Th Street is based in New York. The filler’s business is REITS and Finance. The SEC form was submitted by Douglas F Eisenberg President. The company was incorporated in 2016. The filler’s address is: C/O A&E Real Estate Holdings, Llc, 1065 Avenue Of The Americas, Floor 31, New York, Ny, New York, 10018. Douglas F. Eisenberg is the related person in the form and it has address: C/O A&E Real Estate Holdings, Llc, 1065 Avenue Of The Americas, Floor 31, New York, Ny, New York, 10018. Link to 109-05 120Th Street Filing: 000169060216000001.
Analysis of 109-05 120Th Street Offering
On average, companies in the REITS and Finance sector, sell 56.00% of the total offering amount. 109-05 120Th Street sold 100.00% of the offering. Could this mean that the trust in 109-05 120Th Street is high? The average fundraising size for companies in the REITS and Finance industry is $988,700. The offering was 87.36% smaller than the average of $988,700. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $1000. 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 109-05 120Th Street Also
The Form D signed by Douglas F Eisenberg might help 109-05 120Th Street, 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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