By Winifred Garcia. Source: Weekly Hub.
Wildfang Co., Corporation just had published form D because of $3.25 million equity financing. This is a new filing. Wildfang Co. was able to fundraise $2.09 million so far. That is 64.15 % of the fundraising offer. The total offering amount was $3.25 million. The offering form was filed on 2017-07-10. The reason for the financing was: unspecified. The fundraising still has about $1.17 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wildfang Co. is based in Oregon. The firm’s business is Retailing. The D form was signed by Emma McIlroy President & CEO. The company was incorporated more than five years ago. The filler’s address is: 1230 Se Grand Avenue, Portland, Or, Oregon, 97214. Emma Mcilroy is the related person in the form and it has address: 1230 Se Grand Ave., Portland, Or, Oregon, 97214. Link to Wildfang Co. Filing: 000157018817000001.
Analysis of Wildfang Co. Offering
On average, firms in the Retailing sector, sell 71.70 % of the total offering amount. Wildfang Co. sold 64.15 % of the offering. The fundraising is still open. The average investment offering size for companies in the Retailing industry is $45,600. The total amount raised is 4,472.37 % bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising 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 Wildfang Co. Also
The Form D signed by Emma McIlroy might help Wildfang Co.’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.