Shipshape Urban Farms $1 Million Financing, K Dale Speetjens Submitted Nov 29 D Filing
Posted by Jean Kramer on November 29, 2019
Shipshape Urban Farms Financing
Shipshape Urban Farms, Inc., Corporation just had published form D announcing $1 million equity financing. This is a new filing. Shipshape Urban Farms was able to sell $150,000 so far. That is 15.00 % of the round of financing. The total offering amount was $1 million. The offering form was filed on 2019-11-29. The reason for the financing was: unspecified. The fundraising still has about $850,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Shipshape Urban Farms is based in Alabama. The firm’s business is Agriculture. The form D was signed by K Dale Speetjens President and CEO. The company was incorporated in 2019. The filler’s address is: 600 Clinic Drive, Mobile, Al, Alabama, 36688. Kenneth Dale Speetjens is the related person in the form and it has the address: 600 Clinic Drive, Mobile, Al, Alabama, 36688. Link to Shipshape Urban Farms Filing: 000179551019000001.
Analysis of Shipshape Urban Farms Offering
On average, firms in the Agriculture sector, sell 63.30 % of the total offering amount. Shipshape Urban Farms sold 15.00 % of the offering. The financing is still open. The average fundraising size for companies in the Agriculture industry is $287,000. The offering was 47.74 % smaller than the average of $287,000. Of course, this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this financing is set at $1. 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 the 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 Shipshape Urban Farms Also
The Form D signed by K Dale Speetjens might help Shipshape Urban Farms, Inc.’s sector. First, it helps potential customers feel safer 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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