Shopping Centers Southeast $800000 Fundraising. Richard A OConnor Filed Sep 14 SEC Form

September 14, 2018 - By Rachel Eickhoff

Shopping Centers Southeast Financing

Shopping Centers Southeast Llc, Limited Liability Company just released form D announcing $800,000 equity financing. This is a new filing. Shopping Centers Southeast was able to finance itself with $450,000 so far. That is 56.25 % of the fundraising. The total fundraising amount was $800,000. The form was filed on 2018-09-14. The reason for the financing was: unspecified. The fundraising still has about $350,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Shopping Centers Southeast is based in Michigan. The company’s business is Commercial. The form D was submitted by Richard A OConnor Manager. The company was incorporated in 2017. The filler’s address is: 22 Cove Road, Melbourne Beach, Fl, Florida, 32951. Richard Anthony O’connor is the related person in the form and it has address: 22 Cove Road, Melbourne Beach, Fl, Florida, 32951. Link to Shopping Centers Southeast Filing: 000171725218000001.

Analysis of Shopping Centers Southeast Offering

On average, startups in the Commercial sector, sell 65.22 % of the total offering amount. Shopping Centers Southeast sold 56.25 % of the offering. The financing is still open. The average financing size for companies in the Commercial industry is $1.60 million. The offering was 71.88 % smaller than the average of $1.60 million. Of course this should not be taken as negative. Companies raise funds for different reasons and needs. The minimum investment for this offering is set at $50000. 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 Shopping Centers Southeast Also

The Form D signed by Richard A OConnor might help Shopping Centers Southeast 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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