# ALANTRA, LLC X-17A-5/A (2025-03-28) — Broker-dealer annual report - Company: ALANTRA, LLC - Form: X-17A-5/A - Filed: 2025-03-28 - Period: 2024-12-31 - Accession: 0000842008-25-000002 - CIK: 842008 - File #: 8-40465 - Type: Broker-dealer - Material weakness: No - Auditor: Wolf & Company, P.C. - Auditor location: BOSTON, MA - Contact: Stacey Rosa - Phone: 16175323350 - Email: stacey.rosa@alantra.com - Website: alantra.com - Signed by: Staey Rosa (Financial Controller, Finop) Original filing: https://www.sec.gov/Archives/edgar/data/842008/000084200825000002/Alantra_LLC_2024_Amended.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ANNUAL REPORTS | |----------------| | FORM X-17A-5 | | PART III | OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 | | SEC FILE NUMBER | |---------|-----------------| | 8-40465 | | FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | AND ENDING 12/31/24
FILING FOR THE PERIOD BEGINNING 01/01/24 | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|---------|--------------------------------------------|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF FIRM: Alantra, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer Security-based swap dealer Major security-based swap participant
Check here if respondent is also an OTC derivatives dealer | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | One Federal Street, Suite 2202 | | | | | | | (No. and Street) | | | | | Boston | MA | | 02110 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Stacey Rosa | 617-532-3350 | | stacey.rosa@alantra.com | | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. ACCOUNTANT DENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | | | Wolf & Company, P.C. | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | 255 State Street | Boston | MA | 02109 | | | (Address) | (City) | (State) | (Zip Code) | | | October 2003 | | 392 | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | FOR OFFICIAL USE ONLY | | | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION I. Stacey Rosa swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Alantra, LLC as of 12/31 2 024 is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. ![](_page_1_Picture_3.jpeg) | Signature: | | | |-----------------------------|--|--| | | | | | Title: | | | | Financial Controller, FInOp | | | Notary Public #### This filing \*\* contains (check all applicable boxes): - (a) Statement of financial condition. - = (b) Notes to consolidated statement of financial condition. - [ {c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - [ (d) Statement of cash flows. - [ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - [ (g) Notes to consolidated financial statements. - [ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - | |j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - | (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.18a-7, as applicable. - L (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (t) Independent public accountant's report based on an examination of the statement of financial condition. - [u] Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - | (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17a-12, as applicable. - | a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - \_ (z) Other: - \*\* To request confidential treatment of chis filing, see 17 CFR 240.170-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {2}------------------------------------------------ # **ALANTRA, LLC TABLE OF CONTENTS** \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Report of Independent Registered Public Accounting Firm Financial Statements: Consolidated Statement of Financial Condition Notes to the Financial Statements {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) # Report of Independent Registered Public Accounting Firm To the Members of Alantra, LLC: # *Opinion on the Financial Statement* We have audited the accompanying consolidated statement of financial condition of Alantra, LLC (the "Firm") as of December 31, 2024, and the related notes (collectively, referred to as the "consolidated financial statement"). In our opinion, the consolidated financial statement presents fairly, in all material respects, the financial position of the Firm, as of December 31, 2024 in conformity with accounting principles generally accepted in the United States of America. # *Basis for Opinion* The consolidated financial statement is the responsibility of the Firm's management. Our responsibility is to express an opinion on the Firm's consolidated financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Firm in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statement is free of material misstatement, whether due to error or fraud. The Firm is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Firm's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risk of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statement. We believe that our audit provides a reasonable basis for our opinion. We have served as the Firm's auditor since 2019. Boston, Massachusetts February 28, 2025 {4}------------------------------------------------ # **ALANTRA, LLC CONSOLIDATED STATEMENT OF FINANCIAL CONDITION AS OF DECEMBER 31, 2024** | ASSETS | | |-------------------------------------------------------------------|------------------| | ASSETS | | | Cash and cash equivalents | \$
7,119,917 | | Accounts receivable, net | 3,452,508 | | Operating lease, right-of-use-asset | 993,043 | | Receivable from affiliated entities | 656,882 | | Deposits | 96,817 | | Property and Equipment - at cost, net of accumulated depreciation | 90,895 | | Prepaid expenses and other current assets | 69,382 | | | | | TOTAL ASSETS | \$
12,479,444 | | | | | LIABILITIES AND MEMBER'S EQUITY | | | LIABILITIES | | | Accrued compensation and benefits | \$
6,390,413 | | Operating lease liability | 1,079,497 | | Payable to affiliated entities | 622,946 | | Accounts payable | 528,855 | | Other accrued expenses | 215,794 | | Deferred revenue | 104,166 | | TOTAL LIABILITIES | 8,941,671 | | | | | MEMBER'S EQUITY | | | Member's equity | 3,537,773 | | | | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
12,479,444 | {5}------------------------------------------------ ## **NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** A summary of the Firm's significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements are as follows: a. Structure— Alantra U.S Corporation (the "Member") is the sole member of Alantra, LLC (the "Firm") The Member is ultimately a subsidiary of Alantra Partners, S.A (the "Parent"). The consolidated financial statements include all wholly-owned subsidiaries of the Firm and all intercompany accounts have been eliminated in consolidation. On August 31, 2024, The Firm entered into an Asset Purchase Agreement with Alantra Tech, LLC (see note 7). - b. Basis of Presentation— The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). All items of income and expense are accounted for on the accrual basis. - c. Nature of Operations— The Firm provides investment banking services to corporate clients to assist with implementation of corporate development programs of acquisition, merger, divestiture and joint venture. The Firm is headquartered in Boston and also has an office in New York. The Firm is a limited broker-dealer registered with the Financial Industry Regulatory Authority ("FINRA") and is a member of Securities Investor Protector Corporation ("SIPC"). - d. Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. - e. Cash Equivalents—For purposes of the consolidated statements of cash flow, the Firm considers all deposits in demand accounts and all short-term securities purchased with maturities of three months or less when purchased to be cash equivalents. - f. Accounts Receivable—Accounts receivable are stated at the amount management expects to collect from outstanding balances at year-end. As of December 31, 2024, accounts receivable included an allowance for doubtful accounts of \$313,294. Our allowance for doubtful accounts represents our estimate of expected credit losses related to our trade receivables. We pool our trade receivables based on similar risk characteristics, such as the age of receivables. To estimate our allowance for doubtful accounts, we leverage information on historical losses, asset-specific risk characteristics, current conditions, and reasonable and supportable forecasts of future conditions. Account balances are written off against the allowance when we deem the amount is uncollectible. - g. Property and Equipment— Assets with a cost greater than \$1,000 are capitalized and recorded at cost. Depreciation is provided over the estimated useful life of the related asset, principally on the straight-line method. Estimated useful lives range from five to seven years. Leasehold improvements estimated useful lives are the lesser of the estimated useful life or the term of the related lease. - h. Currency Conversion— The accounting records of the Firm are maintained in U.S. dollars. Investments and other assets and liabilities denominated in foreign currencies are converted into U.S. dollars at the prevailing rates at December 31, 2024. Income receipts and expenses are converted into U.S. dollars at the prevailing rate at the time of the transactions. {6}------------------------------------------------ i. Related Party Transactions— The Firm is a party to transactions throughout the year with various affiliated entities under common control of the Parent company. The Firm may pay for or be charged for certain expenses related to the affiliated entities occupancy, services, and other office expenses The Firm may also pay or receive payment for various revenue sharing contracts. For revenue sharing agreements where the Firm acts as principal, revenue is recognized gross, with amounts owed to related parties under revenue sharing agreements recognized as expense is incurred. The Firm expects to fully settle all outstanding amounts due to or from affiliated entities. # **NOTE 2: RISKS & CONCENTRATIONS** The Firm maintains its cash balances at various banks and financial services companies. Accounts at banks are insured by the Federal Deposit Insurance Corporation up to \$250,000. Accounts at financial services companies are insured by the Securities Investor Protection Corporation up to \$500,000 which includes a \$250,000 limit for cash. At December 31, 2024, \$6,869,917 of the Firm's cash balance exceeded these insured limits. # **NOTE 3: PROPERTY AND EQUIPMENT** Property and Equipment consist of the following as of December 31, 2024: | Computer and data processing | \$132,040 | |-------------------------------|-----------| | Equipment and furniture | 29,605 | | Less accumulated depreciation | (70,750) | | Property and Equipment, net | \$ 90,895 | # **NOTE 4: LOAN RECEIVABLE, RELATED PARTY** The Firm entered into a loan agreement with related party in June 2022 for \$250,000. The loan had an annual interest rate of 1% and has a maturity date of July 24, 2027. It was determined that this loan would be forgiven and therefore was recorded as a loss on forgiveness of loan, related party, in 2024. ## **NOTE 5: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES** Benefits from tax positions are recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. Recognized income tax positions are measured at the largest amount that has a greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Based on its current evaluation, the Firm has concluded that there are no significant uncertain tax positions requiring recognition in the Firm's financial statements. {7}------------------------------------------------ #### **NOTE 6: OPERATING LEASES** The Firm utilizes office space in Massachusetts, New York, and Utah. The Boston, MA location is rented by an affiliate entity, which is outlined in an expense sharing agreement (see Note 6). The Firm has a month-to-month lease for the Utah space. The Firm also had a lease agreement for temporary space in New York (the 'NY Agreement) which terminated on December 31, 2024. Both the Utah lease and NY Agreement are short-term leases under ASC 842, and therefore are not capitalized as a right-of-use asset and not recorded on the balance sheet. The Firm entered into a new 26-month sub-lease in New York, NY (the "NY lease") which was effective November 1, 2024. As of December 31, 2024, the Firm had irrevocable standby letter of credit totaling \$172,044 for the security deposit on the NY Lease. The NY operating lease is recorded as a ROU asset and a lease liability on the statement of financial condition. The ROU asset and lease liability were recognized at the lease commencement date based on the present value of remaining minimum lease payments, discounted using the risk-free rate for a period comparable to the lease term. The following table presents information about the amount, timing and cash flows arising from the Firm's capitalized operating lease as of December 31, 2024: | Years Ending December 31, | Amount | |-------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------| | 2025
2026
Total undiscounted operating lease payments
Less: amount representing interest
Present value of operating lease liability | \$ 555,450
568,451
\$1,123,901
( 44,404)
\$1,079,497 | | Remaining lease term
Discount rate for operating lease | 2 years
4.21% | # **NOTE 7: ASSET ACQUISITION** On August 31, 2024, the Firm entered into an Asset Purchase Agreement (the "APA") with Alantra Tech, LLC. Per the APA, the Firm purchased certain assets and assumed responsibility for certain liabilities for consideration of \$1. Assets of \$71,413 made up of cash, prepaid expenses for research databases and computer equipment, and liabilities of \$71,412 made up of accrued vacation balances, employee benefit deductions, 401K Safe Harbor employer match, and deferred revenue were acquired. No goodwill or intangible assets were recorded as a result of the asset acquisition. ## **NOTE 8: NET CAPITAL REQUIREMENTS** The Firm is required to maintain a minimum net capital under Rule 15c3-1 of the Securities and Exchange Commission. Net capital required under the rule is the greater of \$5,000 or 6 2/3 percent of the aggregate indebtedness of the Firm. At December 31, 2024, net capital as defined by the rules, equaled \$781,007. The ratio of aggregate indebtedness to net capital was 800.91%. Net capital in excess of the minimum required was \$363,995. {8}------------------------------------------------ ## **NOTE 9: FILING REQUIREMENTS** There were no liabilities subordinated to claims of creditors during the year ended December 31, 2024. Accordingly, no Statement of Changes in Liabilities Subordinated to Claims of Creditors has been included in these financial statements as required by rule 17a-5 of the Securities and Exchange Commission. #### **NOTE 10: LITIGATION AND CONTINGENCIES** We are subject to various claims and legal proceedings in the ordinary course of conducting our business and, from time to time, we may become involved in additional claims and lawsuits incidental to our business. We routinely assess the likelihood of adverse judgments or outcomes to these matters, as well as ranges of probable losses; to the extent losses are reasonably estimable. Accruals are recorded for these matters to the extent that management concludes a loss is probable and the financial impact, should an adverse outcome occur, is reasonable estimable. ## **NOTE 11: SUBSEQUENT EVENTS** The Firm's management has evaluated subsequent events through the date of this report and concluded that no subsequent events have occurred that would require recognition in the financial statements or disclosure in the related notes to the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.