Fanpage, Llc, Limited Liability Company just filed form D about $5.00 million equity financing. This is a new filing. Fanpage was able to finance itself with $1.25 million so far. That is 25.00% of the fundraising offer. The total financing amount was $5.00 million. The form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $3.75 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fanpage is based in Texas. The firm’s business is Other Technology. The form was signed by William Wayne Rodgers Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 15654 Quorum Drive, Addison, Tx, Texas, 75001. William Wayne Rodgers is the related person in the form and it has address: 15654 Quorum Drive, Addison, Tx, Texas, 75001. Link to Fanpage Filing: 000169122616000001.
Analysis of Fanpage Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Fanpage sold 25.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 18.83% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for different reasons and needs. The minimum investment for this offering was set at $1250000. 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 Fanpage Also
The Form D signed by William Wayne Rodgers might help Fanpage, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.