N. Ocean Capital 707 $3.85 million Fundraising. Rey Grabato Released Aug 10 form D

August 11, 2017 - By Kurt Siggers

N. Ocean Capital 707 Financing

N. Ocean Capital 707, Llc, Limited Liability Company just had published form D regarding $3.85 million equity financing. This is a new filing. N. Ocean Capital 707, Llc is expected to sell $3.85 million in this financing round. The total private offering amount was $3.85 million. The fundraising form was filed on 2017-08-10. The reason for the financing was: unspecified. The fundraising still has about $3.85 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

N. Ocean Capital 707 is based in Alabama. The firm’s business is Residential. The SEC form was submitted by Rey Grabato President. The company was incorporated in 2017. The filler’s address is: C/O National Realty Investment Advisors, 1325 Paterson Plank Rd. , 2Nd Floor, Secaucus, Nj, New Jersey, 07094. Rey Grabato is the related person in the form and it has address: C/O National Realty Investment Advisors, 1325 Paterson Plank Rd., 2Nd Floor, Secaucus, Nj, New Jersey, 07094. Link to N. Ocean Capital 707 Filing: 000171443217000001.

Analysis of N. Ocean Capital 707 Offering

On average, companies in the Residential sector, sell 100.00 % of the total offering size. N. Ocean Capital 707 sold 0.00 % of the offering. The financing is still open. The average fundraising size for companies in the Residential industry is $178,000. The offering was 100.00 % smaller than the average of $178,000. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is set at $55000. 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 N. Ocean Capital 707 Also

The Form D signed by Rey Grabato might help N. Ocean Capital 707, 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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