Citizen Energy II Financing

Citizen Energy II, Llc, Limited Liability Company just filed form D about $80.00 million equity financing. This is a new filing. Citizen Energy II was able to sell $79.20 million. That is 99.00% of the round of financing. The total private financing amount was $80.00 million. The private financing document was filled on 2015-06-19. The reason for the financing was: unspecified. The fundraising still has about $797,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Citizen Energy II is based in Oklahoma. The company’s business is Oil and Gas. The D form was signed by Robert J Woodard Chief Operating Officer. The company was incorporated in 2014. The filler’s address is: 320 South Boston Avenue, Suite 1300, Tulsa, Ok, Oklahoma, 74103-4702. Gregory A Augsburger is the related person in the form and it has address: 320 South Boston Avenue, Suite 1300, Tulsa, Ok, Oklahoma, 74103-4702. Link to Citizen Energy II Filing: 000161863315000001.

Analysis of Citizen Energy II Offering

On average, firms in the Oil and Gas sector, sell 13.77% of the total offering size. Citizen Energy II sold 99.00% of the offering. The fundraising is still open. Could this mean that the trust in Citizen Energy II is high? The average offering amount for companies in the Oil and Gas industry is $227,000. The total amount raised is 34,790.97% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this fundraising 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 Citizen Energy II Also

The Form D signed by Robert J Woodard might help Citizen Energy II, Llc’s business. 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.