Ward Alternative Energy Financing
Ward Alternative Energy, Inc., Corporation just submitted form D for $1.50 million equity and debt financing. The date of first sale was . Ward Alternative Energy, Inc. is expected to finance itself with $1.50 million in this financing round. The total offering amount was $1.50 million. The financing document was filled on 2015-06-17. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ward Alternative Energy is based in Colorado. The filler’s business is Oil and Gas. The form was filled by Paul Nelson President. The company was incorporated in 2015. The filler’s address is: 5660 E. 58Th, Commerce City, Co, Colorado, 80022. Paul Nelson is the related person in the form and it has address: 5660 E. 58Th, Commerce City, Co, Colorado, 80022. Link to Ward Alternative Energy Filing: 000163300815000004.
Analysis of Ward Alternative Energy Offering
On average, startups in the Oil and Gas sector, sell 13.77% of the total offering amount. Ward Alternative Energy sold 0.00% of the offering. The fundraising is still open. The average financing size for companies in the Oil and Gas industry is $227,000. The offering was 100.00% smaller than the average of $227,000. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering was 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 Ward Alternative Energy Also
The Form D signed by Paul Nelson might help Ward Alternative Energy, Inc.’s business. 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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