Kingsway Financial Services Financing
Kingsway Financial Services Inc, Corporation just submitted form D announcing $10.50 million equity financing. This is a new filing. Kingsway Financial Services was able to fundraise $10.50 million. That is 100.00% of the fundraising offer. The total fundraising amount was $10.50 million. The financing form was filed on 2016-11-28. The reason for the financing was: unspecified.
Kingsway Financial Services is based in Ontario – Canada. The company’s business is Insurance. The form D was filed by William Hickey Jr EVP, COO & CFO. The company was incorporated more than five years ago. The filler’s address is: 45 St. Clair Avenue West, Suite 400, Toronto, A6, Ontario, Canada, M4v 1Kp. John Taylor Maloney Fitzgerald is the related person in the form and it has address: 150 Pierce Road, Suite 600, Itasca, Il, Illinois, 60143. Link to Kingsway Financial Services Filing: 000091476016000492.
Analysis of Kingsway Financial Services Offering
On average, firms in the Insurance sector, sell 70.00% of the total offering amount. Kingsway Financial Services sold 100.00% of the offering. Could this mean that the trust in Kingsway Financial Services is high? The average investment offering size for companies in the Insurance industry is $996,000. The total amount raised is 954.22% bigger than the average for companies in the Insurance sector. The minimum investment for this offering is set at $1722500. 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 Kingsway Financial Services Also
The Form D signed by William Hickey Jr might help Kingsway Financial Services 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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