Today’s Form D Filing: Rack ‘N Roll Marine 1 $525000 Fundraising. A David Sydney MD Released Dec 1 SEC Filing

Rack 'N Roll Marine 1 Llc - A David Sydney MD

Rack ‘N Roll Marine 1 Financing

Rack ‘N Roll Marine 1 Llc, Limited Liability Company just filed form D for $525,000 equity financing. This is a new filing. Rack ‘N Roll Marine 1 Llc is expected to sell $525,000 in this offering. The total financing amount was $525,000. The offering form was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $525,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rack ‘N Roll Marine 1 is based in Pennsylvania. The firm’s business is not disclosed. The SEC form was signed by A David Sydney MD Member. The company was incorporated in 2016. The filler’s address is: 125 S. Chancellor St., Newtown, Pa, Pennsylvania, 18940. A. David, M.D. Sydney is the related person in the form and it has address: 125 S. Chancellor St., Newtown, Pa, Pennsylvania, 18940. Link to Rack ‘N Roll Marine 1 Filing: 000169125116000001.

Analysis of Rack ‘N Roll Marine 1 Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Rack ‘N Roll Marine 1 sold 0.00% of the offering. The fundraising is still open. The average fundraising amount 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 seen as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this offering was set at $26250. 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 Rack ‘N Roll Marine 1 Also

The Form D signed by A David Sydney MD might help Rack ‘N Roll Marine 1 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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