ARTICLE: Aries Clean Energy $21.38 million Financing. Mark Witt Published Jan 10 SEC form


Press Telegraph

Publication Date

January 10, 2018

This fundraising could attract other investors such as venture-capital firms, funds and angels

By Vivian Currie

Aries Clean Energy Financing

Aries Clean Energy, Llc, Limited Liability Company just submitted form D because of $21.38 million equity financing. This is a new filing. Aries Clean Energy was able to finance itself with $21.38 million. That is 100.00 % of the financing offer. The total offering amount was $21.38 million. The financing form was filed on 2018-01-10. The reason for the financing was: Proceeds may be used for ongoing salary requirements.

Aries Clean Energy is based in Tennessee. The company’s business is Other Energy. The SEC form was filed by Mark Witt Chief Financial Officer. The company was incorporated in 2017. The filler’s address is: 3026 Owen Drive, Suite 101, Nashville, Tn, Tennessee, 37013. Gregory Bafalis is the related person in the form and it has address: 3026 Owen Drive, Suite 101, Nashville, Tn, Tennessee, 37013. Link to Aries Clean Energy Filing: 000114420418001756.

Analysis of Aries Clean Energy Offering

On average, startups in the Other Energy sector, sell 65.00 % of the total offering size. Aries Clean Energy sold 100.00 % of the offering. Could this mean that the trust in Aries Clean Energy is high? The average investment offering size for companies in the Other Energy industry is $1.11 million. The total amount raised is 1,831.31 % bigger than the average for companies in the Other Energy sector. The minimum investment for this offering was set at $0. 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 Aries Clean Energy Also

The Form D signed by Mark Witt might help Aries Clean Energy, 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.

Aries Clean Energy Llc-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.

Aries Newsletter

Subscribe to receive monthly updates from us!