Kansas Ethanol $3.70 million Fundraising. Michael Chisam Submitted Jun 14 Form D

June 15, 2017 - By Nellie Frank

Kansas Ethanol Financing

Kansas Ethanol Llc, Limited Liability Company just filed form D because of $3.70 million equity financing. This is a new filing. Kansas Ethanol Llc is expected to sell $3.70 million in this offering. The total offering amount was $3.70 million. The financing form was filed on 2017-06-14. 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.

Kansas Ethanol is based in Kansas. The company’s business is Other Energy. The D form was signed by Michael Chisam General Manager. The company was incorporated more than five years ago. The filler’s address is: 1630 Avenue Q, Lyons, Ks, Kansas, 67554. Carl Dudrey is the related person in the form and it has address: 1630 Avenue Q, Lyons, Ks, Kansas, 67554. Link to Kansas Ethanol Filing: 000114036117025062.

Analysis of Kansas Ethanol Offering

On average, startups in the Other Energy sector, sell 65.00 % of the total offering amount. Kansas Ethanol sold 0.00 % of the offering. The financing is still open. The average offering amount for companies in the Other Energy industry is $1.11 million. The offering was 100.00 % smaller than the average of $1.11 million. Of course this should not be taken as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering is set at $3. 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 Kansas Ethanol Also

The Form D signed by Michael Chisam might help Kansas Ethanol 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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