Marck Corp, Corporation just released form D announcing $1.40 million equity financing. This is a new filing. Marck was able to sell $871,675 so far. That is 62.10% of the offering. The total financing amount was $1.40 million. This form was filed on 2016-11-19. The reason for the financing was: unspecified. The fundraising still has about $531,939 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Marck is based in California. The firm’s business is Restaurants. The D form was submitted by Marc Manara Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 213 James Ave, Redwood City, Ca, California, 94062. Marc Manara is the related person in the form and it has address: 213 James Avenue, Redwood City, Ca, California, 94062. Link to Marck Filing: 000161030916000008.
Analysis of Marck Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Marck sold 62.10% 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 188.63% bigger than the average for companies in the Restaurants sector. The minimum investment for this offering was set at $0. 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 Marck Also
The Form D signed by Marc Manara might help Marck 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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