Form D Worth Watching: Mirth Provisions $2.00 million Financing. Adam H Stites Released Nov 23 Form D

Mirth Provisions, Inc. - Adam H Stites

Mirth Provisions Financing

Mirth Provisions, Inc., Corporation just released form D regarding $2.00 million equity financing. This is a new filing. Mirth Provisions was able to finance itself with $2.00 million. That is 100.00% of the fundraising offer. The total fundraising amount was $2.00 million. The offering form was filed on 2016-11-23. The reason for the financing was: The company’s revenues will cover officers compensation within 90 days following the receipt of funds from the sale of its securities. It is anticipated approximately $30,000 will be required to be used to compensate the officers of the company..

Mirth Provisions is based in Alabama. The filler’s business is not disclosed. The form was filed by Adam H Stites President. The company was incorporated in 2016. The filler’s address is: 909 California Way, Longview, Wa, Washington, 98632. Adam Hezekiah Stites is the related person in the form and it has address: 909 California Way, Longview, Wa, Washington, 98638. Link to Mirth Provisions Filing: 000168873216000001.

Analysis of Mirth Provisions Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Mirth Provisions sold 100.00% of the offering. Could this mean that the trust in Mirth Provisions is high? The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 34.43% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising was set at $100000. 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 Mirth Provisions Also

The Form D signed by Adam H Stites might help Mirth Provisions, Inc.’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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