Form D Report – July 2017
Welcome to our introductory post of the Form D Report by Coral Capital Partners. Each month we look at the Form D filings with the Securities Exchange Commission (SEC) and analyze the data to see what is occurring in the private capital raise industry. We take a look at the industries that are raising capital, the types of offerings, and the involvement of investment banks in the capital raising process. There are roughly 150 Form D’s filed every business day with the SEC. There is a tremendous amount of information contained within each and every Form D filing. This information becomes even more informative when you start looking at all the filings within a month, a quarter, or a year. We will be looking at this information and sharing our findings with you. A printer friendly copy of this month’s report may be found (Form D Report (pdf copy) July 2017).
The month of July saw approximately 3,237 Form D filings with the Securities Exchange Commission (SEC). Approximately 1,869 or just under 58% of those filing were new filings, with the remainder as amendments. The three (3) top industries for filings were Pooled Investment Funds, Finance (banking, other banking & investment) and technology companies.
Equity offerings accounted for approximately 56% of the offerings, and Pooled Investment Funds accounted for approximately 34% of the filigs.
Investment banks were listed as receiving sales commissions on approximately 460 or approximately 14% of the offerings. Of those 460 offerings, Pooled Investment Funds accounted for 287.
| Form D Report – July 2017 | ||||||
| # | % | |||||
| Total Filings | 3,237 | |||||
| New Filings | 1,869 | 57.7% | ||||
| Amendments | 1,368 | 42.3% | ||||
| Industry Groups | Type of Offering | |||||
| # | % | # | % | |||
| Agriculture | 16 | 0.5% | Debt | 206 | 6.4% | |
| Biotech | 74 | 2.3% | Equity | 1,806 | 55.8% | |
| Business Services | 16 | 0.5% | Equity & Debt | 0 | 0.0% | |
| Commercial | 141 | 4.4% | Pooled Inv. Fund | 1,104 | 34.1% | |
| Commercial Banks | 13 | 0.4% | Not Listed | 97 | 3.0% | |
| Computers | 17 | 0.5% | ||||
| Investing | 35 | 1.1% | ||||
| Oil & Gas | 38 | 1.2% | ||||
| Other Banking | 318 | 9.8% | Investment Bank Listed | |||
| Other Energy | 24 | 0.7% | ||||
| Other R/E | 108 | 3.3% | # | % | ||
| Other Tech | 322 | 9.9% | Overall | 460 | 14.2% | |
| Pharmaceuticals | 16 | 0.5% | Pooled Inv. Fund | 287 | 17.2% | |
| Pooled Inv. Fund | 1,668 | 51.5% | ||||
| REITS | 26 | 0.8% | ||||
About Coral Capital Partners and Erik Nelson
Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.