Origin-Cc Fs Financing
Origin-Cc Fs, Llc, Limited Liability Company just released form D regarding $3.20 million equity financing. This is a new filing. Origin-Cc Fs was able to sell $2.00 million so far. That is 62.50% of the round of financing. The total financing amount was $3.20 million. The offering form was filed on 2016-11-30. The reason for the financing was: The Manager is entitled to receive an annual management fee equal to 1.5% of the unreturned capital contributed to the Issuer.. The fundraising still has about $1.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Origin-Cc Fs is based in Illinois. The company’s business is Commercial. The SEC form was signed by Michael B McVickar General Counsel. The company was incorporated in 2016. The filler’s address is: 350 N Lasalle St, Suite 1000, Chicago, Il, Illinois, 60654. David Scherer is the related person in the form and it has address: 350 N Lasalle St, Suite 1000, Chicago, Il, Illinois, 60654. Link to Origin-Cc Fs Filing: 000169111116000001.
Analysis of Origin-Cc Fs Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Origin-Cc Fs sold 62.50% of the offering. The financing is still open. The average fundraising amount for companies in the Commercial industry is $1.60 million. The total amount raised is 25.00% bigger than the average for companies in the Commercial sector. The minimum investment for this offering is set at $0. 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 Origin-Cc Fs Also
The Form D signed by Michael B McVickar might help Origin-Cc Fs, 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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