Fidelity Grenshaw $3.70 million Financing. Michael Shechtman Filed Jun 14 SEC Filing

June 14, 2018 - By Linda Rogers

Fidelity Grenshaw Financing

Fidelity Grenshaw, Llc, Limited Liability Company just filed form D announcing $3.70 million equity financing. This is a new filing. Fidelity Grenshaw was able to finance itself with $3.50 million. That is 94.59 % of the fundraising. The total financing amount was $3.70 million. The private financing document was filed on 2018-06-14. The reason for the financing was: unspecified. The fundraising still has about $200,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Fidelity Grenshaw is based in Illinois. The firm’s business is Commercial. The form D was filed by Michael Shechtman Manager of Fidelity Grenshaw Manager, LLC, Manager of Issuer. The company was incorporated in 2018. The filler’s address is: 600 W. Van Buren, Suite 1000, Chicago, Il, Illinois, 60607. * Fidelity Grensaw Manager, Llc is the related person in the form and it has address: 600 W. Van Buren, Suite 1000, Chicago, Il, Illinois, 60607. Link to Fidelity Grenshaw Filing: 000174290718000001.

Analysis of Fidelity Grenshaw Offering

On average, firms in the Commercial sector, sell 65.22 % of the total offering amount. Fidelity Grenshaw sold 94.59 % of the offering. The fundraising is still open. Could this mean that the trust in Fidelity Grenshaw is high? The average investment floor size for companies in the Commercial industry is $1.60 million. The total amount raised is 118.75 % bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $0. 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 Fidelity Grenshaw Also

The Form D signed by Michael Shechtman might help Fidelity Grenshaw, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: