Tamarack Aerospace Group Financing
Tamarack Aerospace Group, Inc., Corporation just filed form D announcing $6.10 million debt financing. The date of first sale was 2016-05-13. Tamarack Aerospace Group was able to fundraise $4.02 million so far. That is 65.82% of the financing offer. The total offering amount was $6.10 million. The form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $2.09 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tamarack Aerospace Group is based in Idaho. The filler’s business is Other Technology. The D form was submitted by NICHOLAS R GUIDA PRESIDENT. The company was incorporated more than five years ago. The filler’s address is: 2021 Industrial Drive, Sandpoint, Id, Idaho, 83864. Nicholas R. Guida is the related person in the form and it has address: C/O Tamarack Aerospace Group, Inc., 2021 Industrial Dr, Sandpoint, Id, Idaho, 83864. Link to Tamarack Aerospace Group Filing: 000150704516000008.
Analysis of Tamarack Aerospace Group Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Tamarack Aerospace Group sold 65.82% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 160.71% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $50000. 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 Tamarack Aerospace Group Also
The Form D signed by NICHOLAS R GUIDA might help Tamarack Aerospace Group, 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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