Keystone Relief Centers Financing
Keystone Relief Centers Llc, Limited Liability Company just released form D because of $500,000 equity financing. This is a new filing. Keystone Relief Centers was able to finance itself with $250,000 so far. That is 50.00% of the fundraising offer. The total private offering amount was $500,000. The fundraising form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Keystone Relief Centers is based in Pennsylvania. The company’s business is Other Health Care. The SEC form was filed by James C Roddey Manager. The company was incorporated in 2016. The filler’s address is: 20 Stanwix Street, Suite 800, Pittsburgh, Pa, Pennsylvania, 15222. James C Roddey is the related person in the form and it has address: C/O Keystone Relief Centers, Llc, 20 Stanwix Street, Suite 800, Pittsburgh, Pa, Pennsylvania, 15222. Link to Keystone Relief Centers Filing: 000169097916000001.
Analysis of Keystone Relief Centers Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Keystone Relief Centers sold 50.00% of the offering. The fundraising is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 78.45% smaller than the average of $1.16 million. Of course this should not be seen as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising is 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 Keystone Relief Centers Also
The Form D signed by James C Roddey might help Keystone Relief Centers 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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