Sherpa Foods S.P.C. Financing
Sherpa Foods, S.P.C., Corporation just filed form D regarding $450,000 equity financing. This is a new filing. Sherpa Foods S.P.C. was able to finance itself with $345,000 so far. That is 76.67% of the round of financing. The total private financing amount was $450,000. The financing form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $105,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sherpa Foods S.P.C. is based in Washington. The filler’s business is not disclosed. The SEC form was filed by G Scott Greenburg Assistant Corporate Secretary. The company was incorporated in 2015. The filler’s address is: 13321 Se 43Rd Street, Bellevue, Wa, Washington, 98006. Renzin Yuthok is the related person in the form and it has address: 13321 Se 43Rd Street, Bellevue, Wa, Washington, 98006. Link to Sherpa Foods S.P.C. Filing: 000167219816000004.
Analysis of Sherpa Foods S.P.C. Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Sherpa Foods S.P.C. sold 76.67% of the offering. The financing is still open. Could this mean that the trust in Sherpa Foods S.P.C. is high? The average investment size for companies in all industries in our database is $3.05 million. The offering was 88.69% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising 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 Sherpa Foods S.P.C. Also
The Form D signed by G Scott Greenburg might help Sherpa Foods, S.P.C.’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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