Legacy Pharmacy Financing
Legacy Pharmacy, Llc, Limited Liability Company just filed form D regarding $120,000 equity financing. The date of first sale was . Legacy Pharmacy was able to fundraise $49,500 so far. That is 41.25% of the fundraising offer. The total private offering amount was $120,000. This form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $70,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Legacy Pharmacy is based in Alabama. The filler’s business is Other Health Care. The D form was signed by Joshua James Daniel President. The company was incorporated in 2014. The filler’s address is: 5710 Lbj Freeway, Suite 480, Dallas, Tx, Texas, 75240. Joshua James Daniel is the related person in the form and it has address: 5710 Lbj Freeway, Dallas, Tx, Texas, 75240. Link to Legacy Pharmacy Filing: 000166891716000002.
Analysis of Legacy Pharmacy Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Legacy Pharmacy sold 41.25% of the offering. The financing is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 95.73% smaller than the average of $1.16 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this offering is set at $750. 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 Legacy Pharmacy Also
The Form D signed by Joshua James Daniel might help Legacy Pharmacy, Llc’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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