# MIRUS SECURITIES, INC. X-17A-5 (2026-04-01) — Broker-dealer annual report - Company: MIRUS SECURITIES, INC. - Form: X-17A-5 - Filed: 2026-04-01 - Period: 2025-12-31 - Accession: 0000878767-26-000003 - CIK: 878767 - File #: 8-44085 - Type: Broker-dealer - Material weakness: No - Auditor: Stowe & Degon LLC - Auditor location: Westborough, MA - Contact: Sherry Goldberg - Phone: 781-418-5942 - Email: goldberg@merger.com - Website: merger.com - Signed by: Andrew Crain (President) Original filing: https://www.sec.gov/Archives/edgar/data/878767/000087876726000003/public-.pdf --- {0}------------------------------------------------ ### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17A-5 PART** Ill | SEC FILE NUMBER | | |-----------------|--| | 8-44085 | | | | FACING PAGE | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | | | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|-----------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|--| | FILING FOR THE PERIOD BEGINNING O 1/01/2025 | AND ENDING 12/31/2025 | | | | | | | | | | | MM/DD/VY | MM/DD/VY | | | | | | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | | NAME oF FIRM : Mirus Securities, Inc | | | | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
0 Broker-dealer
□ Major security-based swap participant
□ Security-based swap dealer
D Check here if respondent is also an OTC derivatives dealer | | | | | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | | | | 200 Summit Drive, Suite 460 | | | | | | | | | | | (No. and Street) | | | | | | | | | | | Burlington
MA | | 01803 | | | | | | | | | (City) | (State) | (Zip Code) | | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | | | | Sherry Goldberg
781-418-5942 | | Goldberg@merger.com | | | | | | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Stowe & Degon LLC | | | | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | | | | 95A Turnkpike Road | Westborough | MA
01581 | | | | | | | | | (Address)
11/25/2003 | (City) | (State)
(Zip Code)
577 | | | | | | | | | l"
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FOR OFFICIAL USE ONLY | | | | | | | | | | \* Claims for exemption from the requirement that the annual reports be covered by the 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-S(e)(l)(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 0MB control number.** {1}------------------------------------------------ ### **OATH OR AFFIRMATION** I, \_A\_n\_d\_re\_w\_c\_ra\_in \_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Mirus Securities, Inc, as of \_1\_2\_/\_3\_1 \_\_\_\_\_\_\_\_\_\_ \_, 2~ 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_4.jpeg) President # **This filing\*\* contains (check all applicable boxes):** \.\ - ~ (a) Statement of financial condition. - ~ (b) Notes to consolidated statement of financial condition. - D (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 (d) Statement of cash flows. - D (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - D (g) Notes to consolidated financial statements. - D (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - D (i) Computation of tangible net worth under 17 CFR 240.18a-2. - D (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - D (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. - D (I) Computation for Determination of PAB Requirements under Exhibit A to§ 240.15c3-3. - D (m) Information relating to possession or control requirements for customers under 17 CFR 240.1Sc3-3. - D (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - D (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 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. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - D (q) Oath or affirmation in accordance with 17 CFR 240.17a-S, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-S or 17 CFR 240.18a-7, as applicable. - ~ (t) Independent public accountant's report based on an examination of the statement of financial condition. - D (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (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. - D (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. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.1Sc3-le or 17 CFR 240.17a-12, as applicable. - D (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). D (z) Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5{e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {2}------------------------------------------------ # Financial Statement Mirus Securities, Inc. December 31, 2025 {3}------------------------------------------------ ### *Table of Contents* #### *Fillandal Statement:* | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-----| | Statement of Financial Condition | 2 | | Notes to the Financial Statement | 3-4 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ### **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Board of Directors and Stockholder Mirus Securities, Inc. Burlington, Massachusetts ### *Opinion on the Financial* **Stnleme11t** We have audited the accompanying statement of financial condition of Minis Securities, Inc. ("the Company"), as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of Mirus Securities, Inc. as of December 3 I, 2025 in conformity with accounting principles generally accepted in the United States of America. ### *Basis/or Opinion* This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting finn registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company 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 financial statement is free of material misstatement, whether due to error or fraud . Our audit included performing procedures to assess the risks 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 statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. *S* ... **t"\ L.,.1..C. •** . **T~if Vi'.v.e:iN** Westborough, Massachusetts February 11, 2026 We have served as the Company's auditor since 2024. {5}------------------------------------------------ ### MIRUS SECURITIES, INC. ## *Statement of Financial Condition* #### *December 31, 2025* #### **Assets** | Current assets: | | |--------------------------------------------------------------|---------------| | Cash | \$
188,538 | | Prepaid expenses | 13,458 | | Total assets | \$
201,996 | | Liabilities and Stockholder's Equity | | | Current liabilities: | | | Accounts payable and accrued expenses | \$
2 | | Due to related party | 25,010 | | Total current liabilities | \$
25,012 | | Stockholder's equity: | | | Common stock, no par value, stated value \$1.00 per share; | | | authorized 20,000 shares; issued and outstanding I 00 shares | 100 | | Additional paid-in capital | 21,146 | | Retained earnings | 155,738 | | Total stockholder's equity | 176,984 | | Total liabilities and stockholder's equity | \$
201,996 | {6}------------------------------------------------ ## *Note 1* - *Description of Business and Summary of Significant Accounting Policies* ### *Description of Business* Mirus Securities, Inc. (the "Company") was incorporated as a Massachusetts business in May 1998. The Company is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is engaged in the placement of corporate or other securities to institutional or eligible private placement purchasers. The Company does not hold customer funds or securities and does not expect any business activity for or with retail securities customers. The Company is a wholly owned subsidiary of Mirus Capital Advisors, Inc. (Advisors) that provides investment-banking solutions to mid-sized public corporations primarily in the technology and manufacturing industries. The Company derives most of its revenues from commissions earned on a limited number of investment banking transactions closed each year. The Company reimburses Advisors for expenses and services expended on behalf of its clients (see Note 2). The Company has filed with regulatory agencies in order to transact business as a broker-dealer. As a brokerdealer, the Company's equity is restricted by the Securities and Exchange Commission uniform net capital rule (Rule 1 Sc3-I ). ### *Casi,* For purposes of reporting on the statement of cash flows, the Company includes all cash accounts, which are not subject to withdrawal restrictions or penalties, in cash. The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. Bank accounts are generally insured up to \$250,000 per financial institution. The Company has not experienced, nor does it anticipate, any losses on such accounts. ### *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 reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the revenues and expenses during the reporting period. Actual results could differ from those estimates. ### *Income Taxes* The Company files its Federal tax return on a combined basis with its parent, and with the consent of Advisors stockholders, will be taxed under sections of Federal and Massachusetts income tax law, which provides that, in lieu of corporation income taxes, the stockholders will separately account for their pro-rata shares of the Company's income, deductions, losses and credits. {7}------------------------------------------------ ### *Note 1* - *Description of Business and Summary of Sig1tificant Accounting Policies (Continued)* ### *Uncertain T,u: Positions* The Company accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax I iabil ity for all uncertain tax positions. Interest and penalties assessed, if any, are accrued as income tax expense. The Company has identified its tax status as a qualified sub-chapter S corporation electing to be taxed as a pass-through entity as its only significant tax position; however, the Company has determined that such tax position does not result in an uncertainty requiring recognition. The Company is not currently under examination by any taxing jurisdiction. The Company's federal and state income tax returns are generally open for examination for the past 3 years. ### *S11bseque11I Events* The Company evaluated subsequent events through February 11, 2026, the date the financial statements were authorized to be issued. ### *Segment Reporting* The Company has a single reportable segment based on the nature of its services and regulatory environment under which it operates. The nature of the business and the accounting policies of the segment are the same as described throughout Notes I and 2. The Company's Chief Operating Decision Maker ("CODM") is its executive team. The CODM assesses the segment's performance and allocates resources on an entity-wide basis, and the Company does not manage its operations or allocate resources based on differences in products, services, or geographic regions. As such, the Company has determined that it has one reportable segment. ### *Note 2* - *Related Party Transactions- Consulting Fees* During 2025, the Company paid Advisors for management and administrative services. Amounts to be paid to Advisors for its service in investment banking are only payable on successful completion of and payment for services. At December 31, 2025, \$25,012 is due to Advisors. #### *Note 3* - *Net Minimum Capital Requirement* The Company is subject to the Securities and Exchange Commission's uniform net capital rule (Rule I 5c3-1 ), which requires the maintenance of a minimum amount of net capital, as defined, of \$5,000 and requires its aggregate indebtedness to all other persons, as defined, shall not exceed a 15 to I ratio ( 1500%) of its net capital. At December J l, 2025, the Company had net capital of \$163,526 of which \$158,526 was in excess of its required net capital. At December 31, 2025, the Company's percentage of aggregate indebtedness to net capital was 0.153%. #### *Note 4* - *Customer Transactions* The Company does not hold customer funds or securities. Accordingly, the Company is exempt from the requirement to maintain a "Special Reserve Account for the Ex.elusive Benefit of Customers" under provisions of SEC Rule I 5c3-J. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.