Concord-based Kyle Court Raises $825,000

12/1/16

A Concord-based company has raised $825,000 in equity, according to a Securities and Exchange Commission filing.

Kyle Court LLC filed a Form D with the SEC on Dec. 1. The filing listed a total offering amount of $825,000 in equity. All the $825,000 has been sold. Five investors participated in the offering.

The company didn’t specify what it intends to do with the proceeds, according to the filing.

Kyle Court was founded on July 28, 2016. J. Harris Morrison III and Billy Thomas are listed as executive officers and promoters in the filing. Morrison III is the principal manager of Concord-based Harris Morrison Co. that provides real estate development, brokerage and management services in the greater Charlotte area.

Morrison III signed off on the firm’s Form D on Thursday.

Private companies similar to Kyle Court, which rely on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.

The form can be found here.

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