Research
Independent analysis of SEC filings, private funds, RIAs, websites and regulatory records.
Trimtab Impact SEC Form D Review 2026: $52M Corporate Equity Raise Behind an Impact-First Holding Company
Trimtab Impact Inc. is a verifiable Delaware corporation formed in 2024 whose September 18, 2026 Form D reports a fixed $51,999,999 Equity offering fully sold to eight investors, leaving $0 remaining after a first sale on September 9. The issuer relies on Rule 506(b), is not classified as a pooled investment fund, clai
Trimtab Impact Inc. · CIK 0002126826Read article →
Whisper Aero SEC Form D Review 2026: $46.3M Sold as Its Quiet Electric Propulsion Moves From Defense to Consumer Products
Whisper Aero Inc. is a verifiable Delaware operating company whose September 17, 2026 Form D reports a fully subscribed $46,317,349 Equity offering under Rule 506(b), with all $46,317,349 sold to 16 investors after a first sale on September 2. The filing lists Mark Moore and Ian Villa as executive officers, directors a
Whisper Aero Inc. · CIK 0001984798Read article →
01 Advisors Fund IV SEC Form D Review 2026: Why Dick Costolo and Adam Bain Set Another $395M Target
01 Advisors 04, L.P. is a newly formed 2026 Delaware venture capital fund and the fourth numbered flagship vehicle in the 01 Advisors family. Its September 16 Form D sets a fixed $395 million offering under Rule 506(b) and Section 3(c)(7), but first sale has not yet occurred: the filing reports $0 sold, $395 million re
01 Advisors 04, L.P. · CIK 0002115466Read article →
Is Mare Liberum Critical Technologies Fund I, LP Legit? SEC Form D Review 2026: $25.8M Sold, 17 Investors and the $150M Maritime SBICCT Strategy
Mare Liberum Critical Technologies Fund I, LP is a verifiable 2025 Delaware pooled investment fund whose new Form D was filed on September 15, 2026 after a first sale on August 31. The filing reports an indefinite offering with $25,805,500 sold to 17 investors, Rule 506(c), Section 3(c)(1), pooled investment fund interests, a technical $0 minimum investment and $0 estimated sales commissions or finder's fees. Mare Liberum Critical Technologies Fund I GP, LLC is the General Partner; Mare Liberum Capital Partners, LLC is identified as the management company; and Erik Bethel, Marc Baliotti, Vrushank Vora and retired Rear Admiral Lorin Selby appear in the related-person chain. BHA Select Network, LLC, CRD 168883, is named in the sales-compensation section for solicitation in Florida, Massachusetts and New York even though the filing estimates commissions at $0. The fund also states that the management company will receive management fees based on securities sold. This is therefore not an anonymous defense-tech shell: the SEC issuer, management company, named principals and Mare Liberum's public maritime-investment platform all connect directly. :contentReference[oaicite:0]{index=0}
Mare Liberum Critical Technologies Fund I, LP · CIK 0002151169Read article →
UV Labs AI SEC Form D Review 2026: $5M Offering, Cod3x's $400M Trading History and a Leadership Record Mismatch
UV Labs AI, Inc. is a verifiable 2026 Delaware technology corporation attempting to raise $5 million, but its first Form D shows that the fundraising process was still extremely early when filed: only $35,000 had been sold to two investors, leaving $4.965 million remaining. The offering relies on Rule 506(b), carries a
UV Labs AI, Inc. · CIK 0002155383Read article →
Is Mare Liberum Critical Technologies Fund I, LP Legit? SEC Form D Review 2026: $25.806M Sold, 17 Investors and a $150M Maritime Critical-Tech Leverage Facility
Mare Liberum Critical Technologies Fund I, LP is a verifiable 2025 Delaware pooled investment fund whose September 15, 2026 SEC Form D reports $25,805,500 sold to 17 investors in an indefinite offering. The fund relies on Rule 506(c) and Section 3(c)(1), offers pooled investment fund interests, reports no sales commissions or finder's fees, and identifies Mare Liberum Critical Technologies Fund I GP, LLC as General Partner, Mare Liberum Capital Partners, LLC as Management Company, and Erik Bethel as Managing Member of the General Partner. The filing also states that the management company will receive management fees based on securities sold. What makes this vehicle unusual is not merely that it is a defense-tech fund: Mare Liberum has built an investment thesis specifically around maritime dominance, naval modernization and the industrial systems needed to secure sea lanes, while the sponsor publicly says the fund has access to up to $150 million of low-cost government-backed leverage through the Small Business Administration and the U.S. Department of Defense Office of Strategic Capital framework. That creates a capital structure very different from a conventional venture fund funded only by LP equity. :contentReference[oaicite:0]{index=0}
Mare Liberum Critical Technologies Fund I, LP · CIK 0002151169Read article →
Is Mare Liberum Critical Technologies Fund I, LP Legit? SEC Form D Review 2026: $25.81M Sold, 17 Investors and a Maritime National-Security Technology Strategy
Mare Liberum Critical Technologies Fund I, LP is a verifiable 2025 Delaware pooled investment fund whose September 15, 2026 SEC Form D reports an indefinite offering with $25,805,500 sold to 17 investors after a first sale on August 31, 2026. The fund relies on Rule 506(c) and Section 3(c)(1), offers pooled investment fund interests, reports a technical $0 minimum investment, $0 estimated sales commissions and $0 finder's fees, and states that its management company will receive management fees based on the amount of securities sold. Mare Liberum Critical Technologies Fund I GP, LLC is the General Partner, Mare Liberum Capital Partners, LLC is the Management Company, and Erik Bethel, Marc Baliotti, Rear Admiral Lorin Selby and Vrushank Vora appear in the related-person chain. BHA Select Network, LLC, CRD 168883, is listed as a sales-compensation recipient for solicitation in Florida, Massachusetts and New York even though Item 15 currently estimates $0 commissions. The unusual part is not simply that this is another defense-tech fund; Mare Liberum has built a narrow thesis around the maritime domain, where autonomous vessels, subsea systems, satellite connectivity, naval modernization, shipbuilding and maritime AI are treated as critical infrastructure rather than as isolated venture categories. :contentReference[oaicite:0]{index=0}
Mare Liberum Critical Technologies Fund I, LP · CIK 0002151169Read article →
Tempo Therapeutics SEC Form D Review 2026: $14M Debt Sold After TT101's First-in-Human Trial and FDA De Novo Submission
Tempo Therapeutics, Inc. is a verifiable San Diego regenerative-medicine company whose September 11, 2026 Form D documents a $14.5 million private financing with an unusual feature that the later press announcement does not emphasize: the SEC filing classifies the security as Debt, not Equity. Tempo reported $14 millio
Tempo Therapeutics, Inc. · CIK 0001813688Read article →
Is Arroyo Investors Fund V, L.P. Legit? SEC Form D Review 2026: $0-Sold Launch, 506(c) Fundraising and a $1B+ Fund IV Predecessor
Arroyo Investors Fund V, L.P. is a verifiable 2026 Delaware private-equity fund sponsored by Arroyo Energy Investment Partners, and its September 16, 2026 Form D is clearly a launch-stage filing rather than evidence of a completed raise. The issuer reports an indefinite offering, $0 sold, zero investors and "first sale yet to occur," while relying on Rule 506(c) and Section 3(c)(7) and offering both equity and pooled investment fund interests. Arroyo Investors Fund V GP, L.P. is the General Partner, while founding partners David T. Field and Robert C. Jordan appear in the related-person chain. The filing is already institutionally significant because it names a broad fundraising network — Threadmark LP, Threadmark Partners Limited, Threadmark LLP, Threadmark Unipessoal, Moonvalley Capital y Asesorias Limitada and Campbell Lutyens & Co. Inc. — and estimates $8,602,880 of sales commissions. The distinctive story is therefore not current fundraising volume, because Fund V was still at $0 sold; it is that Arroyo is launching a new 506(c) flagship immediately after closing Fund IV with more than $1 billion of commitments and after materially expanding its energy-infrastructure strategy into data centers, distributed generation, LNG and dark fiber.
Arroyo Investors Fund V, L.P. · CIK 0002147350Read article →
Harvey AI SEC Form D Review 2026: $550.3M Sold as Harvey Builds Its Own Legal AI Model Stack
Harvey AI Corp's September 11, 2026 Form D confirms one of the largest recent legal-technology financings: $550,299,446 of Equity sold to 28 investors under Rule 506(b), with an indefinite total offering and no sales commissions, finder fees or Item 16 related-person payments. Harvey is a Delaware corporation formed in
Harvey AI Corp · CIK 0001974654Read article →
Equitable Housing Solutions Fund II SEC Form D Review 2026: $263M Sold Above MSquared's $250M Target
Equitable Housing Solutions Fund II LP is a verifiable 2025 Delaware real-estate investment vehicle managed by GSD Urban Solutions LLC, doing business as MSquared, with Alicia Glen identified as Managing Member of the general partner and Form D signatory. The September 11, 2026 amendment reports an indefinite offering,
Equitable Housing Solutions Fund II LP · CIK 0002076405Read article →
Is Hidden Lake Onshore Fund LP Legit? SEC Form D Review 2026: $22.92M Sold, $378M Adviser RAUM and a $332M Options-Heavy 13F Portfolio
Hidden Lake Onshore Fund LP is a verifiable Delaware hedge fund that has been continuously offered since its first sale on February 1, 2020. Its September 18, 2026 Form D/A reports an indefinite Rule 506(b) offering with $22,921,993 sold to 18 investors, Section 3(c)(1) status, equity and pooled investment fund interests, no placement agent, $0 sales commissions and $0 finder's fees. Hidden Lake Asset Management LP is explicitly identified as Investment Manager, Hidden Lake Fund GP LLC as General Partner, and Kevin Mok signed the amendment as Managing Member of the General Partner. The filing also states that the Investment Manager receives customary management fees. The immediately related Cayman vehicle, Hidden Lake Offshore Fund Ltd., amended its filing on the same day and reported $2,402,491 sold to six investors with a $100,000 minimum and the same Rule 506(b)/3(c)(1) framework. The important analytical point is that these two Form D sales figures are only the feeder-level fundraising picture: Hidden Lake's March 2026 adviser disclosures show a much larger investment-management business, including approximately $378 million of regulatory AUM and roughly $376 million of gross assets in Hidden Lake Master Fund Ltd. That gap is the defining structural feature of this case.
Hidden Lake Onshore Fund LP · CIK 0001750426Read article →