Passco Companies Financing
Passco Companies, Llc, Limited Liability Company just had published form D announcing $50.00 million equity financing. The date of first sale was 2016-01-11. Passco Companies was able to fundraise $32.10 million so far. That is 64.20% of the financing offer. The total private offering amount was $50.00 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $17.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Passco Companies is based in California. The company’s business is Other Real Estate. The form D was filed by LARRY K SULLIVAN PRESIDENT. The company was incorporated more than five years ago. The filler’s address is: 2050 Main Street, Suite 650, Irvine, Ca, California, 92614. Larry K. Sullivan is the related person in the form and it has address: 2050 Main Street, Suite 650, Irvine, Ca, California, 92614. Link to Passco Companies Filing: 000145452916000004.
Analysis of Passco Companies Offering
On average, companies in the Other Real Estate sector, sell 100.00% of the total offering amount. Passco Companies sold 64.20% of the offering. The fundraising is still open. The average financing size for companies in the Other Real Estate industry is $931,000. The total amount raised is 3,347.69% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this financing was set at $50000. 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 Passco Companies Also
The Form D signed by LARRY K SULLIVAN might help Passco Companies, 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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