Mhc Montecito Holdco Financing
Mhc Montecito Holdco, Llc, Limited Liability Company just had published form D because of $6.00 million equity financing. This is a new filing. Mhc Montecito Holdco, Llc is expected to sell $6.00 million in this round of financing. The total private financing amount was $6.00 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $6.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mhc Montecito Holdco is based in California. The firm’s business is Residential. The form D was filed by Gregory T Mason Manafer of Mason Hiller Company IV, LLC, Manager of issuer.. The company was incorporated in 2016. The filler’s address is: 2688 Middlefield Road, Unit C, Redwood City, Ca, California, 94063. Gregory T. Mason is the related person in the form and it has address: 2688 Middlefield Road, Unit C, Redwood City, Ca, California, 94063. Link to Mhc Montecito Holdco Filing: 000144693316000036.
Analysis of Mhc Montecito Holdco Offering
On average, companies in the Residential sector, sell 100.00% of the total offering size. Mhc Montecito Holdco sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Residential industry is $178,000. The offering was 100.00% smaller than the average of $178,000. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $25000. 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 Mhc Montecito Holdco Also
The Form D signed by Gregory T Mason might help Mhc Montecito Holdco, 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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