A Dunn-based lubricants manufacturer management company raised $2.3 million from 10 investors, according to a filing with the Securities and Exchange Commission.
Warren Oil Management Co. filed the Form D on March 29, 2017. The first sale occurred March 16, and the company did not disclose what it intended to do with the proceeds.
Warren Oil Co. is a lubricants manufacturer with packing facilities in North Carolina, Alabama, Texas, Philadelphia, Illinois and Arkansas. Its products are distributed in all 50 states and exported to 48 countries.
The Form D can be found here.
Companies relying on a Reg D 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 securities.