Truehitt 1 Financing
Truehitt 1 Llc, Limited Liability Company just had published form D for $3.28 million equity financing. The date of first sale was 2016-10-22. Truehitt 1 was able to sell $26,969 so far. That is 0.82% of the fundraising. The total financing amount was $3.28 million. The private financing document was filed on 2016-11-22. The reason for the financing was: Amount indicated in Memorandum for “Management, Administrative and Operational Expenses and Fees and Organization, Syndication and Marketing Expenses, Working Capital and/or Legal Reserve”.. The fundraising still has about $3.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Truehitt 1 is based in Alabama. The filler’s business is Agriculture. The SEC form was signed by William Kyle Truehitt President of the Manager. The company was incorporated in 2016. The filler’s address is: 2010 Nw Front Ave., Number C302, Portland, Or, Oregon, 97209. William Kyle Truehitt is the related person in the form and it has address: 2010 Nw Front Ave., No. C302, Portland, Or, Oregon, 97209. Link to Truehitt 1 Filing: 000168804216000002.
Analysis of Truehitt 1 Offering
On average, firms in the Agriculture sector, sell 63.30% of the total offering size. Truehitt 1 sold 0.82% of the offering. The fundraising is still open. The average offering amount for companies in the Agriculture industry is $287,000. The offering was 90.60% smaller than the average of $287,000. Of course this should not be taken as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this offering is set at $16826. 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 Truehitt 1 Also
The Form D signed by William Kyle Truehitt might help Truehitt 1 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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