Trinity Storage I $455000 Fundraising. Paul M Duncan Released Aug 4 form D

August 10, 2017 - By Clifton Ray

Trinity Storage I Financing

Trinity Storage I, Lp, just filed form D for $455,000 equity financing. This is a new filing. Trinity Storage I was able to sell $180,000 so far. That is 39.56 % of the financing offer. The total financing amount was $455,000. The fundraising form was filed on 2017-08-04. The reason for the financing was: Net proceeds will be co-mingled with net proceeds of prior offering which closed June 30, 2017 and $315,472 in expense reimbursements will be paid to Paul Duncan and his affiliates out of the aggregate net proceeds.. The fundraising still has about $275,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trinity Storage I is based in Colorado. The filler’s business is Commercial. The form was filed by Paul M Duncan Manager of General Partner. The company was incorporated in 2014. The filler’s address is: 6275 Joyce Dr., Suite 211, Arvada, Co, Colorado, 80403. Paul M. Duncan is the related person in the form and it has address: 7980 Noble Court, Arvada, Co, Colorado, 80007. Link to Trinity Storage I Filing: 000107997317000471.

Analysis of Trinity Storage I Offering

On average, startups in the Commercial sector, sell 65.22 % of the total offering amount. Trinity Storage I sold 39.56 % of the offering. The fundraising is still open. The average offering amount for companies in the Commercial industry is $1.60 million. The offering was 88.75 % smaller than the average of $1.60 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this offering is set at $5000. 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 Trinity Storage I Also

The Form D signed by Paul M Duncan might help Trinity Storage I, Lp’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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