Form D To Observe: Soma Management Group $1.70 million Financing. David Utley Released Nov 30 SEC Filing

Commercial Soma Management Group, Llc - David Utley

Soma Management Group Financing

Soma Management Group, Llc, Limited Liability Company just submitted form D announcing $1.70 million equity financing. This is a new filing. Soma Management Group, Llc is expected to finance itself with $1.70 million in this fundraising. The total fundraising amount was $1.70 million. The fundraising form was filed on 2016-11-30. The reason for the financing was: This Fee is equal to approximately 4% of the purchase price of the Property.. The fundraising still has about $1.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Soma Management Group is based in Alabama. The company’s business is Commercial. The D form was submitted by David Utley Attorney In Fact. The company was incorporated in 2016. The filler’s address is: 147 West Richmond Avenue, Unit E, Richmond, Ca, California, 94801. Leslie Plettner is the related person in the form and it has address: 147 West Richmond Avenue, Unit E, Richmond, Ca, California, 94801. Link to Soma Management Group Filing: 000169094216000001.

Analysis of Soma Management Group Offering

On average, startups in the Commercial sector, sell 65.22% of the total offering amount. Soma Management Group sold 0.00% of the offering. The financing is still open. The average investment floor size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing is set at $75000. 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 Soma Management Group Also

The Form D signed by David Utley might help Soma Management Group, 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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