Form D SEC Filing: Wrr – Madison #3 $3.01 million Financing. Kevin Thibeau Released Nov 28 SEC Form

Oil And Gas Wrr - Madison #3 Lp - Kevin Thibeau

Wrr – Madison #3 Financing

Wrr – Madison #3 Lp, Limited Partnership just had published form D because of $3.01 million equity financing. This is a new filing. Wrr – Madison #3 Lp is expected to finance itself with $3.01 million in this offering. The total private offering amount was $3.01 million. This form was filed on 2016-11-28. The reason for the financing was: No direct payments. Payments to the Managing General Partner, which is beneficially owned by the named principals.. The fundraising still has about $3.01 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wrr – Madison #3 is based in Texas. The filler’s business is Oil and Gas. The SEC form was submitted by Kevin Thibeau President of Managing General Partner. The company was incorporated in 2016. The filler’s address is: 6320 Southwest Blvd., #100, Fort Worth, Tx, Texas, 76109. Kevin Thibeau is the related person in the form and it has address: 6320 Southwest Blvd., #100, Fort Worth, Tx, Texas, 76109. Link to Wrr – Madison #3 Filing: 000165495416004385.

Analysis of Wrr – Madison #3 Offering

On average, startups in the Oil and Gas sector, sell 13.77% of the total offering amount. Wrr – Madison #3 sold 0.00% of the offering. The financing is still open. The average fundraising amount for companies in the Oil and Gas industry is $227,000. The offering was 100.00% smaller than the average of $227,000. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $0. 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 Wrr – Madison #3 Also

The Form D signed by Kevin Thibeau might help Wrr – Madison #3 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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