Wheat Self-Storage Partners IIi Financing
Wheat Self-Storage Partners IIi, Lp, Limited Partnership just had published form D announcing $4.65 million equity financing. The date of first sale was 2016-11-10. Wheat Self-Storage Partners IIi was able to fundraise $279,000 so far. That is 6.00% of the fundraising. The total private offering amount was $4.65 million. The form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $4.37 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wheat Self-Storage Partners IIi is based in Florida. The firm’s business is Investing. The form was signed by Joseph D Touizer Principal. The company was incorporated in 2016. The filler’s address is: 100 Se 3Rd Avenue, Suite 601, Fort Lauderdale, Fl, Florida, 33394. Joseph Daniel Touizer is the related person in the form and it has address: 100 Se 3Rd Avenue, Suite 601, Fort Lauderdale, Fl, Florida, 33394. Link to Wheat Self-Storage Partners IIi Filing: 000144586616002952.
Analysis of Wheat Self-Storage Partners IIi Offering
On average, firms in the Investing sector, sell 66.70% of the total offering size. Wheat Self-Storage Partners IIi sold 6.00% of the offering. The financing is still open. The average investment floor size for companies in the Investing industry is $1.41 million. The offering was 80.20% smaller than the average of $1.41 million. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing is set at $23250. 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 Wheat Self-Storage Partners IIi Also
The Form D signed by Joseph D Touizer might help Wheat Self-Storage Partners IIi, Lp’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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