Wireco Worldgroup (Cayman) Financing
Wireco Worldgroup (Cayman) Inc., just had published form D because of $1.60 million equity financing. This is a new filing. Wireco Worldgroup (Cayman) Inc. is expected to fundraise $1.60 million in this offering. The total offering amount was $1.60 million. The private financing document was filed on 2016-11-25. The reason for the financing was: unspecified. The fundraising still has about $1.60 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wireco Worldgroup (Cayman) is based in Cayman Islands. The filler’s business is Manufacturing. The D form was signed by Brian Block Secretary. The company was incorporated more than five years ago. The filler’s address is: C/O Intertrust Corp. Services (Cayman), 190 Elgin Avenue, George Town, Grand Cayman, E9, Cayman Islands, Kyi-9005. Christopher L. Ayers is the related person in the form and it has address: C/O Intertrust Corp. Services (Cayman), 190 Elgin Avenue, George Town, Grand Cayman, E9, Cayman Islands, Ky1-9005. Link to Wireco Worldgroup (Cayman) Filing: 000089534516000609.
Analysis of Wireco Worldgroup (Cayman) Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Wireco Worldgroup (Cayman) sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in the Manufacturing industry is $763,000. The offering was 100.00% smaller than the average of $763,000. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. The minimum investment for this offering is set at $0. 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 Wireco Worldgroup (Cayman) Also
The Form D signed by Brian Block might help Wireco Worldgroup (Cayman) 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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