Form D Don’t Lie: Nola Aa $800000 Fundraising. Alvin Garcia Submitted Nov 23 Form D

Restaurants Nola Aa Llc - Alvin Garcia

Nola Aa Financing

Nola Aa Llc, Limited Liability Company just released form D regarding $800,000 equity financing. This is a new filing. Nola Aa was able to fundraise $400,000 so far. That is 50.00% of the financing offer. The total fundraising amount was $800,000. The financing document was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $400,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Nola Aa is based in Alabama. The firm’s business is Restaurants. The D form was signed by Alvin Garcia Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 330 Townsend St., Suite 112, San Francisco, Ca, California, 94107. Alvin Garcia is the related person in the form and it has address: 330 Townsend St., Suite 112, San Francisco, Ca, California, 94107. Link to Nola Aa Filing: 000169073016000001.

Analysis of Nola Aa Offering

On average, startups in the Restaurants sector, sell 99.00% of the total offering size. Nola Aa sold 50.00% of the offering. The financing is still open. The average fundraising size for companies in the Restaurants industry is $302,000. The total amount raised is 32.45% bigger than the average for companies in the Restaurants sector. The minimum investment for this financing was set at $10000. 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 Nola Aa Also

The Form D signed by Alvin Garcia might help Nola Aa 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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