Sonmundo, Inc., Corporation just had published form D for $750,000 equity and debt financing. The date of first sale was 2015-11-18. Sonmundo was able to fundraise $750,000. That is 100.00% of the fundraising offer. The total financing amount was $750,000. This form was filed on 2016-11-30. The reason for the financing was: unspecified.
Sonmundo is based in Oregon. The filler’s business is Manufacturing. The SEC form was submitted by Patrick De Klotz by power of attorney President. The company was incorporated more than five years ago. The filler’s address is: 25977 Sw Canyon Creek Road, Suite F, Wilsonville, Or, Oregon, 97070. Keith Kullberg is the related person in the form and it has address: 25977 Sw Canyon Creek Road, Suite F, Wilsonville, Or, Oregon, 97070. Link to Sonmundo Filing: 000152760216000003.
Analysis of Sonmundo Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering size. Sonmundo sold 100.00% of the offering. Could this mean that the trust in Sonmundo is high? The average investment floor size for companies in the Manufacturing industry is $763,000. The offering was 1.70% smaller than the average of $763,000. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. 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 Sonmundo Also
The Form D signed by Patrick De Klotz by power of attorney might help Sonmundo, 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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