Propel (Lithium), LLC
Propel (Lithium), LLC is a private investment fund based in Salt Lake City, Utah. According to its most recent Form D, filed Nov 13, 2018, it has sold $165,000 of interests to 7 investors since its first sale in Sep 2018. The minimum investment it accepts from an outside investor is $3,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Richard Thoms; LLC Assure Fund Management II; Jeremy Neilson.
- Total raised
- $165,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Sep 21, 2018
- Minimum investment
- $3,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Richard Thoms; LLC Assure Fund Management II; Jeremy Neilson
- Latest Form D
- Nov 13, 2018
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Propel (Lithium), LLC
What is the minimum investment for Propel (Lithium), LLC?
According to its latest Form D, filed Nov 13, 2018, the minimum investment Propel (Lithium), LLC accepts from an outside investor is $3,000.
Who can invest in Propel (Lithium), LLC?
Propel (Lithium), LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Propel (Lithium), LLC raised?
Propel (Lithium), LLC reports $165,000 sold from 7 investors on its Form D filed Nov 13, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Propel (Lithium), LLC based?
Propel (Lithium), LLC is based in Salt Lake City, Utah.
When did Propel (Lithium), LLC launch?
Propel (Lithium), LLC reports its first sale in Sep 2018.
Size compared with every private investment fund
Raised more than 26% of the 197 private investment funds based in Utah, and more than 4% of all 10,255 that report sales.