# WINDRIVER CAPITAL, LLC X-17A-5 (2026-06-16) — Broker-dealer annual report - Company: WINDRIVER CAPITAL, LLC - Form: X-17A-5 - Filed: 2026-06-16 - Period: 2025-12-31 - Accession: 0001072624-26-000003 - CIK: 1072624 - File #: 8-51365 - Type: Broker-dealer - Material weakness: No - Auditor: Assured Dimensions CPA - Auditor location: Coral Springs, FL - Contact: Steve Bates - Phone: 801-232-2229 - Email: sbates@wrcapital.com - Website: wrcapital.com - Signed by: Steve Bates (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1072624/000107262426000003/windrivercapsec2.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 **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 BEGIN NI NG **\_0\_1\_f\_0\_1\_f 2\_0\_2\_5 \_\_ AND** ENDING **\_1\_2\_/\_3\_1\_/2\_0\_2\_5 \_\_** MM/DD/YY MM/DD/YY **A. REGISTRANT IDENTIFICATION** NAME oF FIRM:\_W\_in\_d\_R\_iv\_e\_r\_C\_a\_p\_i\_ta\_l\_L\_L\_C \_\_\_\_\_\_\_\_\_\_\_ \_ TYPE OF REGISTRANT (check all applicable boxes): C!J Broker-dealer □ Security-based swap dealer D Check here if respondent is also *an* OTC derivatives dealer D Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 2110 East Murry Holladay Road (No. and Street) HolJaday Utah (City) (State) PERSON TO CONTACT WITH REGARD TO THIS FILING 84117 (Zip Code) Steve Bates 801-232-2229 sbates@wrcapital.com (Name) (Area Code -Telephone Number) (Email Address) #### **B. ACCOUNTANT IDENTIFICATION** INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing\* ### Assurance Dimensions CPA I\\ () {Name - if individual, state last, first, and middle name) | 3111 N. University Dr., Suite 621 | Coral Springs | Florida | 33065 | | |--------------------------------------------------|-----------------------|-------------------------------------------------|------------|--| | (Address) | (City) | (State) | (Zip Code) | | | ,
04/13/2010 | | #5()36 | | | | T"
of Reg;stcatioa with PCAOB )(If appHcable) | | I
{PCAO B Reg;,tcatioa N"mbec, ff applkable) | | | | | 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-5(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 disp[ays a currently valid 0MB. con.troJ number. {1}------------------------------------------------ ### **OATH OR AFFIRMATION** | I, Steven A. Bates | swear (or affirm) that, to the best of my knowledge and belief, the | |------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | financial report pertaining to the firm of WindRiver Capital LLC
as of | | 2/10 | 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. | | | | | | | | | | | | | | | | | | Notary Public | | | | | | | This filing** contains (check all applicable boxes): | | | ~ (a) Statement offinancial condition. | | D | (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 proprietors equity. | | D | (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. | | 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. | | □ | (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 capital or tangible net | | | worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 | | | CFR 240.1Sc3-3 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 240.17a-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. | | ~ | (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 offinancial condition. | | I!!! | (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. | | ~ | (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 | | | _CFR 240.18-a-7, as applicable. | | ~
as applicable. | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, | | 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: | ________________________________
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--------------------- | | | | | | Signer Is Representing: | -------------------------- | | | | | {3}------------------------------------------------ ### **WindRiver Capital LLC** (dba BDICortina) Finandal Statements for the Year Ended December 31, 2025 and Report of Independent Registered Public Accounting Firm CRD#46284 {4}------------------------------------------------ ### **CONTENTS** ### **PARTI** | Report of Independent Registered Public Accounting Firm
3 | |----------------------------------------------------------------------------------------------------------------------------------------------------------| | Statement of Financial Condition
4 | | Statement of Operations and Changes in Member's Equity 5 | | Statement of Cash Flows
6 | | Notes to the Financial Statements

7-9 | | SUPPLEMENTARY INFORMATION | | Schedule I -
Computation of Net Capital Requirements Pursuant to Rule 15c3-1 of the
Securities and Exchange Commission 1 O | | Schedule II -
Computation for Determination of Reserve Requirements Pursuant to Rule
15c3-3 of the Securities and Exchange Commission (exempt) 11 | | Schedule HI -
lnformation Relating to Possession or Control Requirements under Rule
15c3-3 as of December 31, 2023 {exempt) 12 | | Exemption Report -
Information Relating to Broker Dealer exemption status 13 | | Report of Independent Registered Public Accounting Firm on Exemption Report 14 | {5}------------------------------------------------ ![](_page_5_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To :the Member of WindRiver Capital LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of WindRiver Capital LLC as of December 31, 202\_5, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the .related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements .present fairly, in all material respects, the financial position of WindRiver Capital llC as of December 31, 2025, and . •the r~ults of its operations and its cash flows for the year then ended in conformity with accounting principles gerier~y accepted in the United States of America. #### **Basis** fot **Opinion** : . , •· These financial statements are the responsibility of WindRiver Capital LLC's management. Our responsibility is to express an opinion on WindRiver Capital LLC's financial statements 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 UJ.dependent with respect to WindRiver Capital LLC in accordance with the U.S. federal securities laws and the app\_lic~ble rules and regulations of the Securities .and Exchange Commission and the PCAOB. we· t\_pnducted 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 statements are 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 statements, whether due to error or fraud, and performing procedures that respond to tho:se 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 statements. We believe that our audit f rovides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** Schedule I - Computation of Regulatory Net Capital and Aggregate Indebtedness under Rule 15c3-1 of the Securities and..Exchange Commission, Schedule II - Computation for Determination of Reserve Requirements under Rule 15c3-3 of the Securities and Exchange Commission and Schedule III - Information Relating to Possession or Control Requ46ments under Rule 15c3-3 of the Securities and Exchange Commission (supplemental information) have been subj'ected to audit procedures performed in conjunction with the audit ofWindRiver Capital, LLC's financial statements. The supplemental information is the responsibility of WindRiver Capital, LLC's management. Our audit ;pro,cedures included determining whether the supplemental information reconciles to the financial statements or the -~·.und;~lying accounting and other records, as applicable, and performing procedures to test the completeness and accur~~Y of the information presented in the supplemental information. In forming our opinion on the supplemental infor11;1ation, we evaluated whether the supplemental infonnation, including its form and content, *is* presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as WindRiver Capital LLC's auditor since 2023. Co:tal Spring, Florida J anJ.J.ary 16, 2026 . . • .. **ASSURANCE DIMENSIONS, llC** also d/b/a McNAMARA and ASSOCIATES, LlC TAMPA BAY: 4920 W Cypress. Street, Suite 102 I Tampa, FL 33607 I Office: 813.443.5048 I Fax: 813.443.5053 JACKSONVILLE: 7800 Belfort Parkway, Suite 290 J Jacksonville, fL 32256 j Office: 888.410.2323 j Fax: 813.443.5053 ORLANDO: 1800 Pembrook Drive, Suite 300 I Orlando, FL 32810 I Office: 888.410.2323 I Fax: 813.443.5053 SOUTH FlORIDA: 3111 N. University Drive, Suite 621 I Coral Springs, FL 33065 I Office: 754.800.3400 I Fax: 813.443.5053 www.assurancedimensions.com **"Assurance Dim•ensions" Is the brand name under which Assurance Dimensions, LLC Including its subsidiary McNamara and Associates, LLC (referr330,895 | {7}------------------------------------------------ #### **WindRiver Capital LLC** Statement of Operations and Changes in Member's Equity December 31, 2025 #### REVENUES | General Income | \$ | |---------------------------------------|---------------| | TOTAL REVENUES | | | OPERATING EXPENSES | | | General and Administrative | 9,999 | | TOTAL OPERATING EXPENSES | \$
9,999 | | OTHER INCOME/EXPENSE | | | Other Income -
Interest Income | 6,246 | | NET LOSS | \$
(3,753) | | MEMBER'S EQUITY, BEGINING OF THE YEAR | \$
334,648 | | MEMBER'S EQUITY, END OF THE YEAR | \$
330,895 | The accompanying. notes are an integral part of these financial statements. {8}------------------------------------------------ ### **WindRiver Capital LLC** #### Statement of Cash Flows For the Year Ended December 31, 2025 #### CASH FLOWS FROM OPERA TING ACTIVITIES | Net loss | \$
(3,753) | |----------------------------------------------|---------------| | Net Cash Used by Operating Activities | {3,753) | | CASH FLOWS FROM INVESTING ACTIVJTIES | | | CASH FLOWS FROM FINANCING ACTIVITIES | | | NET DECREASE IN CASH AND CASH EQUIVALENTS | (3,753) | | CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 334,648 | | CASH AND CASH EQUIVALENTS, END OF YEAR | \$
330,895 | The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ ### **WindRiver Capital LLC Notes to the Financial Statements** December 31, 2025 #### NOTE 1- NATURE OF ORGANIZATION The financial statements presented are those of Wind River Capital LLC (the Company). The Company was originally organized as a Limited Liability Company in the State of Utah in October 1998. The Company offers services to raise money and capital for companies, and to give advice related to mergers and acquisitions. The Company is a registered broker-dealer licensed by the United States Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority. The Company operates pursuant the "non-covered firm" provision under Footnote 74 of SEC Release No. 34-70073 and does not hold funds or securities or owe funds or securities for, or owe money or securities to, customers'. #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of WindRiver Capital, LLC conform to U.S. generally accepted accounting principles and is presented to assist in understanding the Company's financial statements. The financial statements and notes are the representations of the Company's management, which is responsible for their integrity and objectivity. The following is a summary of the more significant of such policies: #### a. Accounting Method The financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company has elected a December 31 year-end. #### b. Use of Estimates The preparation of financial statements requires management to make estfmates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances in making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. While actual results could differ from those estimates, manag.ement believes that the estimates are reasonable. #### c. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all cash accounts and highly llquid investments with original maturities of three months or less to be cash equivalents. The carrying amount approximates the fair value because of the short maturity of those investments. l.nterest Income is noted as Other Income and is reported in the month received. {10}------------------------------------------------ ### **WindRiver Capital LLC** Notes to the Financial Statements December 31, 2025 #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) #### d. Concentration of Credit Risk The Company maintains its cash in bank deposit accounts which are insured by the Federal Deposit Insurance Corporation (FDIC) up to certain limits. The Company has not experienced any losses in such accounts or lack of access to its cash, and believes it is not exposed to significant risk of loss with respect to cash. However, no assurance can be provided that access to the Company's cash will not be impacted by adverse economic conditions in the financial markets. It should be noted that as of December 31, 2025, the Company had in its bank accounts cash in excess of the \$250,000 per depository institution that is federally insured. The Company had approximately \$80,000 in excess of federal insured limits at December 31, 2025. #### e. Revenue Recognition In accordance with ASC 606 Revenue Recognition, transaction fees (deal fees) are recognized as revenue upon completion of the transaction process. Advisory and consulting fees are recognized as the related services are rendered. Non-refundable retainers are recognized as received. Costs connected with transaction fees are expensed as incurred. The Company had no revenue for the year ended December 31, 2025. f. Income Taxes The Company was formed as a limited liability company under the laws of the State of Utah. Accordingly, all income and expenses are passed through to the 'individual member. Therefore, no provisions for federal and state income taxes have been included in the accompanying financial statements. The Limited Liability Company Act of Utah limits the risk of loss of the individual member. Generally accepted accounting principles requires management to perform an evaluation of all income tax positions taken or expected to be taken in the course of preparing the Company's income tax returns to determine whether the income tax positions meet a "more likely than not" standard of being sustained under examination by the applicable taxing authorities. This evaluation is required to be performed for all open tax years, as defined by the various statues of limitations, for federal and state purposes. With limited exceptions, the Company is no longer subject to income tax examination for any years earlier than 2017. Management has performed its evaluation of income tax positions taken on all open income tax returns and has determined that there were n.o positions taken that do not meet the "more likely than not" standard. From time to timer the Company may be subject to penalties assessed by various taxing authorities, which will be classified as general and administrative expenses if they occur. #### g. Segment Reporting The Company adopted Accounting Standard Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This standard requires public entities to provide expanded disclosures about a reportable segment's expenses and the title of the Chief Operating Decision Maker (CODM). The Company has identified its Chief {11}------------------------------------------------ ### **WindRiver Capital LLC** Notes to the Financial Statements December 31, 2025 Executive Officer as the CODM and determined it operates as a single operating and reportable segment engaged in securities brokerage business. #### NOTE 3 - NET CAPITAL REQUIREMENTS The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital. The Company has elected to use the alternative method, permitted by the rule, which requires that the Company maintain minimum net capital of \$5,000. On December 31, 2025, tile Company had net capital of \$315,895 (Cash of \$330,895 less deduction of \$15,000 for Fidelity Bond deductible as required by FINRA Rule 4360 - deductible requirement), which was \$310,895 in excess of its required net capital of \$5,000. #### NOTE 4 - RESERVE REQUIREMENTS The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934, as a broker or dealer which carries no customers' accounts and does not otherwfse hold fund or securities of customers and therefore makes no computation for determination of reserve requirements pursuant to the rule. #### NOTE 5- SIPC SUPPLEMENTARY REPORT The Company is not required to complete the SIPC Supplementary Report under SEC Rule 17a-5(e)(4) for the year ended December 31, 2025, because the Company's SIPC Net Operating Revenues are under \$500,000. #### NOTE 6 - SUBSEQUENT EVENTS The Company has evaluated subsequent events through January 16, 2025, the date which the financial statements were available to be issued and noted no material subsequent events that would require disclosure in these financial statements as of December 31, 2025. {12}------------------------------------------------ ### **WindRiver Capital LLC** #### Computation of Net Capital Requirements Pursuant To Rule 15c3-1 of the Securities and Exchange Commission December 31, 2025 | COMPUTATION OF NET CAPITAL | | |--------------------------------------------------------------|---------------| | Total ownership equity from statement of financial condition | \$
330,895 | | Other Deduction (Deduction for Fidelity Bond Deductible) | 15,000 | | NET CAPITAL | 315,895 | | COMPUTATION OF NET CAPITAL REQUIREMENTS | | | Minimum net aggregate indebtedness - | | | Minimum dollar net capital required | 5,000 | | Net Capital required (greater of above amounts) | 5,000 | | EXCESS CAPITAL | 310,895 | | COMPUTATION OF AGGREGATE INDEBTEDNESS | | | Ratio of aggregate indebtedness to net capital | | | | | There were no material differences between amounts presented above and the amounts presented in the Company's computation filed with Part II, Form X-17 A-5 for December 31, 2025. According, no reconcifiation is necessary. {13}------------------------------------------------ ### **WindRiver Capital LLC** Schedule II - Computation for Determination of Reserve (Exempt) Requirements Pursuant to Rule 15c3-3 As of December 31, 2025 A computation of reserve requirement is not applicable to WjndRiver Capital, LLC as the Company qualifies for exemption under Footnote 74 of SEC Release No. 34-70073. {14}------------------------------------------------ ### **WindRiver Capital LLC** Schedule !Ir- Information relating to Possession or Control (Exempt) Requirements under Rule 15c3-3 As of December 31 , 2025 Information relating to possession or control requirements is not applicable to WindRiver Capital, LLC as the Company qualifies for exemption under Footnote 74 of SEC Release No. 34-70073. , I {15}------------------------------------------------ # **WindRiver Capital LLC** | PO Box 982437 | Steven A. Bates | |---------------------|----------------------| | Park City, UT 84117 | Managing Member | | 801-232-2229 | sbates@wrcapital.com | February 10, 2026 #### **Exemption Report** **WrndRiver Capital LLC** (the "Company") is a registered broker-dealer subj.ect to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the foHowing: - (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3- 3, and - (2) The Company is filing this ExempUon Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting .amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to receiving transaction based compensation for identifying potential investment/merger and acquisition opportunities for clients, referring security transactions to other broker-dealers and/or fe•e based consulting work. The Company (1) did not directly or indirectly hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3} throughout the most recent fiscal year without exception. ### **WindRiver Capital LLC** I, Steven A. Bates, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. {16}------------------------------------------------ REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRivI To the-Member ~f W,in~ver Capital LLC .. ., , .. > We ha'\:~ reviewed management's statements, included in the accompanying Rule 1Sc3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) WindRiver Capital, LLC (the Company) did not claim an exemption under paragraph (¼.) of 17- C.F.R. §240.1 Sc3-3, and (2) the Company is filing this Exemption Report relying on Footnote 7 4 of the SEC Release No. 34-70073 adopting amendments *to* 17 C.F.R. § 240.17a-5 because the Company limits its business activ:ities exclusively to identifying potential merger and acquisition opportunities to other clients, referring security base9 .transactions *to* other broker dealers and or fee based consulting work. In addition, the Company did not direc.tli-or indirectly receive, hold, or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (6)(2) of Rule 15c2-4 and/ or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis .where the funds are payable to the issuer or its agent and not to the Company; did not carry accounts of or for custoh:lers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. WindRiver Capital, LLC's management is responsible for compliance with the provisions throughout the most recent fiscal Y.ear as contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § *: 240.11~-5* and related SEC Staff Frequently Asked Questions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about WinclRiver Capital, LLC s compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do -9-ot e~f\ress such an opinion . . • • ·~°' Based.do our review, we .are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based upon the Company's business activities cont<;mplated by Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related ~l\_?C Staff Frequently Asked Questions . Assui~ce Dimensions, LLC Cora). Springs, Florida January, 16, 2026 . ( .• .·.,, • . *:,* .. . · . . ; ASSURANCE DIMENSIONS, LLC also d/b/a McNAMARA and ASSOCIATES, LLC TAMPA BAY: 4920 W Cypress Street, Suite 102 I Tampa, FL 33607 I Office: 813.443.5048 I Fax: 813.443.5053 JACKSONVILLE; 7800 Belfort Parkway, Suite 290 I Jacksonville, FL 32256 I Office; 888.410.2323 I Fax: 813.443.5053 **ORLANDO:** 1800 Pembrook Drive, Suite 300 I Orlando, FL 32810 I Office; 888,410.2323 I Fax: 813.443.5053 **SOUTH FLORIDA:** 3111 N. University Drive, Suite 621 I Coral Springs, fl 33065 I Office: 754.800.3400 I Fax: 813.443.5053 www.assurancedimensions.com **1 'Ass~;ance t>l~ensions" is the brand m:ime under which Assurance Dimensions, LLC Including its subsidiary McNamara and Associates, LLC (referred together as "AO LLC") and AO Advisors, UC ("AO Advisors"), provide professi\_onal ser1ces. AO LlC and AD Advisors practice as an alternative practice structure in accordance with the AICPA Code-of Professional Conduct and applicable laws, regulations, and professional standards. AO LLC Is a lfcens.e,d l~d~pendent CPA firm that provides attest services to Its clients, and AD Advfsors provide ta1< and business consulting services to their clients. AD Advisors, and its subsidiary entitles are not Hcen~ed CPA finns.** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.