Midwest Energy Emissions Financing
Midwest Energy Emissions Corp., Corporation just filed form D for $13.46 million equity financing. This is a new filing. Midwest Energy Emissions was able to fundraise $13.46 million. That is 100.00% of the fundraising. The total fundraising amount was $13.46 million. The fundraising form was filed on 2016-11-22. The reason for the financing was: Oppenheimer & Co. Inc. (“Oppenheimer”) and Feltl and Company will receive an aggregate cash fee of 8.0% of the gross proceeds. Oppenheimer will also receive 100,000 shares of the Company’s common stock..
Midwest Energy Emissions is based in Ohio. The company’s business is Environmental Services. The form D was submitted by Richard Gross Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 670 D Enterprise Drive, Lewis Center, Oh, Ohio, 43035. Richard Macpherson is the related person in the form and it has address: 670 D Enterprise Drive, Lewis Center, Oh, Ohio, 43035. Link to Midwest Energy Emissions Filing: 000147793216013767.
Analysis of Midwest Energy Emissions Offering
On average, firms in the Environmental Services sector, sell 68.00% of the total offering size. Midwest Energy Emissions sold 100.00% of the offering. Could this mean that the trust in Midwest Energy Emissions is high? The average fundraising size for companies in the Environmental Services industry is $541,000. The total amount raised is 2,387.61% bigger than the average for companies in the Environmental Services sector. The minimum investment for this fundraising is set at $35000. 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 Midwest Energy Emissions Also
The Form D signed by Richard Gross might help Midwest Energy Emissions Corp.’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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