Noteworthy Form D Filing: Union Square Food Concepts $2.00 million Fundraising. Darrell Habben Published Nov 30 SEC form

Union Square Food Concepts, Llc - Darrell Habben

Union Square Food Concepts Financing

Union Square Food Concepts, Llc, Limited Liability Company just filed form D for $2.00 million equity financing. This is a new filing. Union Square Food Concepts, Llc is expected to finance itself with $2.00 million in this offering. The total fundraising amount was $2.00 million. The form was filed on 2016-11-30. The reason for the financing was: 5% warrant coverage.. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Union Square Food Concepts is based in Oklahoma. The firm’s business is not disclosed. The SEC form was submitted by Darrell Habben Managing Member. The company was incorporated in 2014. The filler’s address is: 123 Ne 2Nd Street, Suite 123, Oklahoma City, Ok, Oklahoma, 73104. Darrel J. Habben, Jr. is the related person in the form and it has address: 123 Ne 2Nd Street, Suite 123, Oklahoma, Ok, Oklahoma, 73104. Link to Union Square Food Concepts Filing: 000169031716000001.

Analysis of Union Square Food Concepts Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Union Square Food Concepts sold 0.00% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different needs and reasons. The minimum investment for this offering was set at $50000. 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 Union Square Food Concepts Also

The Form D signed by Darrell Habben might help Union Square Food Concepts, 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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