A Raleigh investment fund invested $8.2 million into an Arizona restaurant company, according to a Securities and Exchange Commission filing.
ChopShop Investors, based at 1122 Oberlin Road, Second Floor, Raleigh, 27605, filed the Form D on Aug. 5.
The financing was made by 11 investors, and the form was signed by Hargett Hunter Capital Partners, LLC. This was the inaugural investment for Hargett Hunter.
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Jeff Brock is founder and managing partner of Hargett Hunter. Brock graduated with an MBA in corporate finance from Kenan-Flagler Business School and worked for Morehead Capital Management, LLC before it combined with Investors Management Corporation (IMC) on Jan. 1, 2016.
IMC’s first investment was Raleigh-based Golden Corral Corporation, which operates or franchises more than 490 restaurants in 40 states.
Brock founded Hargett Hunter in 2015. The firm’s other managing partner, Jason Morgan, is the former Zoe’s Kitchen CFO.
ChopShop Investors claimed a Rule 506 (b) exemption. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
The form can be found at:
https://www.sec.gov/Archives/edgar/data/1681543/000168154316000001/xslFormDX01/primary_doc.xml
This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
