First Orion $4.00 million Financing. Jefferson D Stalnaker Released Jun 19 Filing

June 19, 2017 - By Marguerite Chambers

First Orion Financing

First Orion Corp., Corporation just filed form D regarding $4.00 million equity financing. This is a new filing. First Orion was able to finance itself with $300,000 so far. That is 7.50 % of the offering. The total financing amount was $4.00 million. The private financing document was filed on 2017-06-19. The reason for the financing was: unspecified. The fundraising still has about $3.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

First Orion is based in Arkansas. The company’s business is Telecommunications. The form was filed by Jefferson D Stalnaker President. The company was incorporated more than five years ago. The filler’s address is: 500 President Clinton Ave., Suite 215, Little Rock, Ar, Arkansas, 72201. Charles D. Morgan is the related person in the form and it has address: 500 President Clinton Ave., Suite 215, Little Rock, Ar, Arkansas, 72201. Link to First Orion Filing: 000144389917000001.

Analysis of First Orion Offering

On average, firms in the Telecommunications sector, sell 85.70 % of the total offering size. First Orion sold 7.50 % of the offering. The fundraising is still open. The average offering size for companies in the Telecommunications industry is $125,000. The total amount raised is 140.00 % bigger than the average for companies in the Telecommunications sector. The minimum investment for this fundraising 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 First Orion Also

The Form D signed by Jefferson D Stalnaker might help First Orion Corp.’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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