Pedevco $184800 Fundraising. Frank C Ingriselli Filed Jul 11 Form D

July 12, 2018 - By Alfred Lee

Pedevco Financing

Pedevco Corp, Corporation just released form D about $184,800 equity financing. This is a new filing. Pedevco was able to finance itself with $184,800. That is 100.00 % of the offering. The total financing amount was $184,800. The fundraising form was filed on 2018-07-11. The reason for the financing was: 600,000 shares of common stock issued at $.308 per share..

Pedevco is based in California. The firm’s business is Oil and Gas. The form D was filed by Frank C Ingriselli President & CEO. The company was incorporated more than five years ago. The filler’s address is: 4125 Blackhawk Plaza Circle, Suite 201, Danville, Ca, California, 94506. Frank Ingriselli is the related person in the form and it has address: 4125 Blackhawk Plaza Circle, Suite 201, Danville, Ca, California, 94506. Link to Pedevco Filing: 000114119718000001.

Analysis of Pedevco Offering

On average, companies in the Oil and Gas sector, sell 13.77 % of the total offering amount. Pedevco sold 100.00 % of the offering. Could this mean that the trust in Pedevco is high? The average financing size for companies in the Oil and Gas industry is $227,000. The offering was 18.59 % smaller than the average of $227,000. Of course this should not be interpreted as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this financing is 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 Pedevco Also

The Form D signed by Frank C Ingriselli might help Pedevco 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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