# FENNEBRESQUE & CO., LLC X-17A-5 (2026-04-09) — Broker-dealer annual report - Company: FENNEBRESQUE & CO., LLC - Form: X-17A-5 - Filed: 2026-04-09 - Period: 2025-12-31 - Accession: 0001429936-26-000003 - CIK: 1429936 - File #: 8-67857 - Type: Broker-dealer - Material weakness: No - Auditor: Jennifer Wray CPA PLLC - Auditor location: Sugar Land, TX - Contact: John Fennebresque - Phone: 7042958902 - Email: john@fennebresque.com - Website: fennebresque.com - Signed by: John Fennebresque (Manager) Original filing: https://www.sec.gov/Archives/edgar/data/1429936/000142993626000003/annualreportfco.pdf --- {0}------------------------------------------------ | 8-67857 | | |---------|--| 01/01/25 12/31/25 Fennebresque & Co,. LLC ■ 2025 Cassamia Place Charlotte NC 28211 John Fennebresque Jr 704-295-8902 john@fennebresque.com Jennifer Wray CPA PLLC 800 Bonaventure Way, Ste 168 Sugar Land TX 77479 11/30/2016 6328 {1}------------------------------------------------ | John Fennebresque, Jr | | | |-----------------------|-------------------------|--| | | Fennebresque & Co., LLC | | | | | | 12/31 025 Managing Director - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ ### **FENNEBRESQUE & CO. LLC** **(a wholly-owned subsidiary of Fennebresque & Co. Holdings, LLC)** #### **FINANCIAL STATEMENTS AND** #### **SUPPLEMENTAL SCHEDULES** **DECEMBER 31, 2025** **This report is deemed CONFIDENTIAL in accordance with Rule 17a-ϱ;ĞͿ;ϯͿƵŶĚĞƌƚŚĞ^ĞĐƵƌŝƟĞƐ džĐŚĂŶŐĞĐƚŽĨϭϵϯϰ͘ƐƚĂƚĞŵĞŶƚŽĨĮŶĂŶĐŝĂůĐŽŶĚŝƟŽŶďŽƵŶĚƐĞƉĂƌĂƚĞůLJŚĂƐďĞĞŶĮůĞĚǁŝƚŚƚŚĞ ^ĞĐƵƌŝƟĞƐĂŶĚdžĐŚĂŶŐĞŽŵŵŝƐƐŝŽŶƐŝŵƵůƚĂŶĞŽƵƐůLJŚĞƌĞǁŝƚŚĂƐĂWhBLIC document.** {3}------------------------------------------------ # Contents | | Page | |-----------------------------------------------------------------------------------------|-------| | Report of Independent Registered Public Accounting Firm | 1 | | Statement of Financial Condition | 2 | | Statement of Operations | 3 | | Statement of Changes in Member's Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6 - 9 | | Supporting Schedules | | | Supplementary Schedule: | | | I.
Computation of Net Capital Under Rule 15c3-1 | 10 | | II.
Computation for Determination of Reserve Requirement | 11 | | III.
Information Relating to the Possess or Control Requirement
under Rule 15c3-3 | 12 | | Exemption Report | | | Report of Independent Registered Public Accounting Firm | 13 | | Exemption Report | 14 | {4}------------------------------------------------ # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To Member of Fennebresque & Co., LLC, #### **Opinion on the Financial Statements** We have audited the accompanying statement of the financial condition of Fennebresque & Co., LLC as of December 31, 2025, the related statements of Income, changes in member's equity, and cash flows for the year ended December 31, 2025, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Fennebresque & Co., LLC as of December 31, 2025, and the results of its operations and its cash flows for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of Fennebresque & Co., LLC's management. Our responsibility is to express an opinion on Fennebresque & Co., 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 independent with respect to Fennebresque & Co., LLC 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 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 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 statements. We believe that our audit provides a reasonable basis for our opinion. #### **Auditor's Report on Supplemental Information** The supplementary information contained in Schedules I, II & III has been subjected to audit procedures performed in conjunction with the audit of Fennebresque & Co., LLC's financial statements. The supplemental information is the responsibility of Fennebresque & Co., LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, the Supplementary schedule is fairly stated, in all material respects, in relation to the financial statements as a whole. Jennifer Wray CPA PLLC We have served as Fennebresque & Co., LLC's auditor since 2021. Sugar Land, Texas March 30, 2026 {5}------------------------------------------------ # **FENNEBRESQUE & CO., LLC STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025** #### **ASSETS** | Cash | \$
127,276 | |--------------------------|---------------| | Accounts receivable, net | \$
- | | Prepaid Assets | \$
707 | | Fixed Assets | \$
17,117 | | Total assets | \$
145,100 | | | | #### **LIABILITIES AND MEMBER'S EQUITY** | Accrued expenses and accounts payable | \$
2,077 | |---------------------------------------|---------------| | Total Liabilities | \$
2,077 | | Member's equity | \$
143,023 | | Total liabilities and member's equity | \$
145,100 | | | | {6}------------------------------------------------ ### **FENNEBRESQUE & CO., LLC STATEMENT OF OPERATIONS YEAR ENDED DECEMBER 31, 2025** #### **REVENUES** | Reimburseable Expenses | 18,990 | |------------------------------------|---------------| | Fee income | 225,000 | | Other income | 7 | | Total revenues | \$
243,997 | | | | | EXPENSES | | | Employee compensation and benefits | 91,084 | | Infrastructure Expenses | 15,885 | | Marketing and promotion | 25,315 | | Professional Services | 26,506 | | License, Taxes, Fees | 1,184 | | Bank Fees | 49 | | Depreciation | 2,171 | | Interest | 62 | | Utilities | 3,893 | | Regulatory Fees | 4,076 | | Dues and Memberships | 503 | | Charitable Contributions | 720 | | Total expenses | 171,448 | | | | | Net income | \$
72,549 | {7}------------------------------------------------ #### **FENNEBRESQUE & CO., LLC STATEMENT OF CHANGES IN MEMBER'S EQUITY DECEMBER 31, 2025** | | Contributed
capital | | Retained
earnings | | Total
member's
equity | | |------------------------------------|------------------------|---------|----------------------|----------|-----------------------------|---------| | JANUARY 1, 2025 | \$ | 185,679 | \$ | (95,897) | \$ | 89,782 | | Net income | | - | | 72,549 | | 72,549 | | Member contributions/distributions | | | | (19,30) | | (19,30) | | DECEMBER 31, 2025 | \$ | 185,679 | \$ | (42,65) | \$ | 143,023 | {8}------------------------------------------------ ## **FENNEBRESQUE & CO., LLC STATEMENT OF CASH FLOWS DECEMBER 31, 202** | OPERATING ACTIVITIES | | | |-------------------------------------------------|----|-----------| | Net income | \$ | 72,549 | | Adjustments to reconcile net income to net cash | | | | used in operating activities: | | | | Accounts Receivable | | | | Prepaid Assets: Prepaid Insurance | | (10) | | Prepaid Assets: FINRA | | 1,086 | | Prepaid Assets:Prepaid Payroll Expenses | | (48) | | Accounts Payable | | (162) | | BofA CC 5065 | | 1,359 | | Accrued SEP IRA Contribution | | (31,875) | | | | (29,740) | | Net cash used in operating activities | \$ | 42,809 | | INVESTING ACTIVITIES | | | | Accumulated Depreciation | | 2 171 | | Net cash provided by Investing activities | \$ | 2,171 | | FINANCING ACTIVITIES | | | | Member contributions | | (132,818) | | Member distributions | | 365,53 | | Retained Earnings | | (307,485) | | Net cash used in financing activities | \$ | (74,76) | | Net increase in cash | | (29,787) | | CASH, BEGINNING OF YEAR | | 157,063 | | CASH, END OF YEAR | \$ | 127,276 | {9}------------------------------------------------ ## *FENNEBRESQUE & CO., LLC (a wholly owned subsidiary of Fennebresque & Co. Holdings, LLC) NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025* #### *NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ACTIVITIES* #### **Business Activity and Regulation** Fennebresque & Co., LLC ("the Company") began operations on January 3, 2008 and is a Delaware limited liability company that provides investment banking advisory services to private equity groups and middle market companies, with a general focus on companies with at least \$10 million of revenue and \$3 million of earnings before interest, taxes, depreciation and amortization ("EBITDA"). The Company is a licensed broker-dealer with the Financial Industry Regulatory Authority ("FINRA") and is a wholly owned subsidiary of Fennebresque & Co. Holdings, LLC, ("Holding Company") whose only assets are its ownership interests in the Company. #### **Cash** The Company considers all short-term non-equity investments with an original maturity of three months or less to be cash equivalents. The Company maintains cash deposits with financial institutions insured by the Federal Deposit insurance Corporation ("FDIC") in the United States. At times, balances may exceed insurable limits. #### **Recognition of Revenue** The Company's revenues are generated primarily through providing merger and acquisition-related advisory services. The Company receives non-refundable, retainer and advisory fees to compensate for the substantial research and analysis performed as part of the engagement. The Company recognizes these non-refundable advisory fees as they are earned, which typically occurs with the passage of time as the services are rendered. The remainder of any fee revenue generated by the Company is recognized upon the closing of a transaction. The Company records revenue in accordance with ASU No. 2014-09 "Revenue from Contracts with Customers" (Topic 606) and all subsequent ASUs that modified Topic 606 using the modified retrospective approach. Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. The Company's revenue is comprised of advisory fee revenue. As such, the Company's accounting policies have not changed materially since the principles of revenue recognition from the guidance are largely consistent with prior guidance and current practices applied by the Company. Furthermore, significant revenue has not been recognized in the current reporting period that resulted from performance obligations satisfied in previous periods. #### **Accounts Receivable** The Company carries its accounts receivable at cost less an allowance for doubtful accounts. Accounts receivable from customers include out-of-pocket expenses that are incurred by and reimbursable to the Company. The allowance for doubtful accounts is based on the Company's prior experience of collections and existing economic conditions. On December 31, 2025, management has recorded an allowance of \$0. {10}------------------------------------------------ #### **Income Taxes** As a limited liability company, the Company's taxable income or loss is allocated to the member in accordance with the operating agreement and is reflected in the member's income taxes; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The Company has determined that it does not have any material unrecognized tax benefits or obligations as of December 31, 2025. Fiscal years ending on or after December 31, 2018, remain subject to examination by federal and state tax authorities. #### **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 and disclosures. Actual results could differ from those estimates. #### *NOTE 2 – NET CAPITAL REQUIREMENT* The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. The Company's aggregate indebtness to net capital is 1.66%. As of December 31, 2025, the Company had net capital of \$125,199 which was \$120,199 in excess of its required net capital of \$5,000. #### *NOTE 3- CONCENTRATION* During 2025, the Company earned approximately 68% of total fee income from one client. #### *NOTE 4 – SUBSEQUENT EVENTS* The Company evaluated the effect subsequent events would have on the financial statements the date the financial statements were available to be issued. #### *NOTE 5 – RELATED PARTIES* The equity in the Company is held by Fennebresque & Co. Holding Company. {11}------------------------------------------------ ### *NOTE 6 - COMMITMENTS AND CONTINGENICES* The Company is subject to various claims and legal proceedings arising in the normal course of business. Management is not aware of any legal proceedings where the Company is named. ### *NOTE 7 – PROPERTY AND EQUIPMENT* Property and equipment at December 31, 2025 are as follows: | Furniture and Fixtures | | |-----------------------------------|---------------------------------| | Office renovation
Auto repairs | \$24,047
\$2,840
\$26,887 | | Less accumulated depreciation | \$(9,770) | | | \$17,117 | The office renovation was purchased on 8/10/2021 for \$24,047 and is being depreciated on a straight-line basis in 2021 at \$80Ϯ, 2022 at \$1,603, 2023 at \$1,603, 2024 at \$1,603, & 2025 at \$1,603 leaving the asset with a book value of \$16,833 as of 1/1/2026. The auto repair was purchased on 6/1/2021 for \$2,840 and is being depreciated on a straightline basis in 2021 at \$284, 2022 at \$568, 2023 at \$568, 2024 at \$568, & 2025 at \$568 leaving the asset with a book value of \$Ϯϴϰ as of 1/1/2026. {12}------------------------------------------------ #### *Note-Single Reportable Segment* ĐĐŽƌĚŝŶŐƚŽƚŚĞŐƵŝĚĂŶĐĞŝŶ&^^ϮϴϬ͕^ĞŐŵĞŶƚZĞƉŽƌƟŶŐ͕ĂƐĂŵĞŶĚĞĚďLJƚŚĞ&^ ASU 2023-07, ^ĞŐŵĞŶƚZĞƉŽƌƟŶŐ;dŽƉŝĐϮϴϬͿ͗/ŵƉƌŽǀĞŵĞŶƚƐƚŽZĞƉŽƌƚĂďůĞ^ĞŐŵĞŶƚŝƐĐůŽƐƵƌĞƐ͕ǁŚŝĐŚƌĞƋƵŝƌĞƐthe ĐŽŵƉĂŶŝĞƐ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞǁŝƚŚĂƐŝŶŐůĞƌĞƉŽƌƚĂďůĞƐĞŐŵĞŶƚ͕ƚŽĚŝƐĐůŽƐĞĂĚĚŝƟŽŶĂůŝŶĨŽƌŵĂƟŽŶĂďŽƵƚĂ ƌĞƉŽƌƚĂďůĞƐĞŐŵĞŶƚ͛ƐĞdžƉĞŶƐĞƐŝŶŝŶƚĞƌŝŵĂŶĚĂŶŶƵĂůƉĞƌŝŽĚƐ͕ĂŵŽŶŐŽƚŚĞƌƌĞƋƵŝƌĞŵĞŶƚƐ͘ dŚĞŽŵƉĂŶLJŝƐĞŶŐĂŐĞĚŝŶĂƐŝŶŐůĞůŝŶĞŽĨďƵƐŝŶĞƐƐĂƐĂƐĞĐƵƌŝƟĞƐďƌŽŬĞƌ-ĚĞĂůĞƌ͕ǁŚŝĐŚŝƐĐŽŵƉƌŝƐĞĚŽĨ ŽŶĞĐůĂƐƐŽĨƐĞƌǀŝĐĞƐ͕ŝŶĐůƵĚŝŶŐŝŶǀĞƐƚŵĞŶƚďĂŶŬŝŶŐ͕ŝŶǀĞƐƚŵĞŶƚĂĚǀŝƐŽƌLJ͕ĂŶĚǀĞŶƚƵƌĞĐĂƉŝƚĂůďƵƐŝŶĞƐƐĞƐ͘ dŚĞŽŵƉĂŶLJŚĂƐŝĚĞŶƟĮĞĚŝƚƐWƌĞƐŝĚĞŶƚ:ŽŚŶ&ĞŶŶĞďƌĞƐƋƵĞ ĂƐƚŚĞĐŚŝĞĨŽƉĞƌĂƟŶŐĚĞĐŝƐŝŽŶŵĂŬĞƌ ;͞KD͟Ϳ͕ǁŚŽƵƐĞƐŶĞƚŝŶĐŽŵĞƚŽĞǀĂůƵĂƚĞƚŚĞƌĞƐƵůƚƐŽĨƚŚĞďƵƐŝŶĞƐƐ͕ƉƌĞĚŽŵŝŶĂŶƚůLJŝŶƚŚĞĨŽƌĞĐĂƐƟŶŐ ƉƌŽĐĞƐƐ͕ƚŽŵĂŶĂŐĞƚŚĞŽŵƉĂŶLJ͘ĚĚŝƟŽŶĂůůLJ͕ƚŚĞKDƵƐĞƐĞdžĐĞƐƐŶĞƚĐĂƉŝƚĂů͕ǁŚŝĐŚŝƐŶŽƚĂ ŵĞĂƐƵƌĞŽĨƉƌŽĮƚĂŶĚůŽƐƐ͕ƚŽŵĂŬĞŽƉĞƌĂƟŽŶĂůĚĞĐŝƐŝŽŶƐǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐĐĂƉŝƚĂůĂĚĞƋƵĂĐLJ͕ƐƵĐŚĂƐ ǁŚĞƚŚĞƌƚŽƌĞŝŶǀĞƐƚƉƌŽĮƚƐŽƌŵĂŬĞŵĞŵďĞƌĚŝƐƚƌŝďƵƟŽŶ͘dŚĞŽŵƉĂŶLJ͛ƐŽƉĞƌĂƟŽŶƐĐŽŶƐƟƚƵƚĞĂƐŝŶŐůĞ ŽƉĞƌĂƟŶŐƐĞŐŵĞŶƚĂŶĚƚŚĞƌĞĨŽƌĞ͕ĂƐŝŶŐůĞƌĞƉŽƌƚĂďůĞƐĞŐŵĞŶƚ͕ďĞĐĂƵƐĞƚŚĞKDŵĂŶĂŐĞƐƚŚĞ ďƵƐŝŶĞƐƐĂĐƟǀŝƟĞƐƵƐŝŶŐŝŶĨŽƌŵĂƟŽŶŽĨƚŚĞŽŵƉĂŶLJĂƐĂǁŚŽůĞ͘dŚĞĂĐĐŽƵŶƟŶŐƉŽůŝĐŝĞƐƵƐĞĚƚŽ ŵĞĂƐƵƌĞƚŚĞƉƌŽĮƚĂŶĚůŽƐƐŽĨƚŚĞƐĞŐŵĞŶƚĂƌĞƚŚĞƐĂŵĞĂƐƚŚŽƐĞĚĞƐĐƌŝďĞĚŝŶƚŚĞƐƵŵŵĂƌLJŽĨ ƐŝŐŶŝĮĐĂŶƚĂĐĐŽƵŶƚŝŶŐƉŽůŝĐŝĞƐ͘dŚĞĐŽŵƉĂŶLJĚĞƌŝǀĞĚϲϴ% ŽĨŝƚƐƚŽƚĂůƌĞǀĞŶƵĞĨƌŽŵĂƐŝŶŐůĞĞdžƚĞƌŶĂů ĐƵƐƚŽŵĞƌŝŶ2025͘ {13}------------------------------------------------ #### **FENNEBRESQUE & CO., LLC (a wholly-owned subsidiary of Fennebresque & Co. Holdings, LLC) DECEMBER 31, 2025** SCHEDULE 1 #### **COMPUTATION OF NET CAPITAL PURSUANT TO RULE 15c3-1** | TOTAL MEMBER'S EQUITY | \$
143,023 | |--------------------------------------------------------------------------------------|---------------| | ADD | | | Liabilites subordinated to claims of general creditors | | | allowable in computation of net capital | - | | Total capital and allowable subordinated liabilities | \$
143,023 | | DEDUCT | | | Nonallowable assets: | | | Accounts receivable | - | | Prepaid expenses | 707 | | Furniture and Expenses | 17,117 | | NET CAPITAL | \$
125,199 | | Computation of basic net capital requirement: | | | Minimum net capital required (greater of \$5,000 or 8.71% of aggregate indebtedness) | \$
5,000 | | Excess net capital | \$
120,199 | | Aggregate indebtedness: | | | Accounts payable and accrued expenses | 2,077 | | Total aggregate indebtedness | \$
2,077 | | Percentage, aggregate indebtedness to net capital | 1.66% | **The above computation does not materially differ from Fennebresque & Co., LLC's computation, as shown in its FOCUS Report Form X-17A-5, Part IIA dated December 31, 2024.** {14}------------------------------------------------ # **Fennebresque & Co., LLC** # **Schedule II** - **Computation for Determining of Reserve Requirements Pursuant to SEA Rule 15c3-3 As of December 31, 2025** A computation of reserve requirements is not applicable to Fennebresque & Co., LLC. {15}------------------------------------------------ # **Fennebresque & Co., LLC** # **Schedule III** - **Information Relating to Possession or Control Requirements Pursuant to SEA Rule 15c3-3 As of December 31, 2025** Information relating to possession or control requirements is not applicable to Fennebresque & Co., LLC. {16}------------------------------------------------ # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Fennebresque & Co., LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which The Company is a registered broker-dealer subject 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 following: (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 Exemption 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 in mergers and acquisitions, private placement of securities and other investment banking services; and the Company (1) did not directly 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 (b)(2) of Rule15c2-4 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); (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. Fennebresque & Co., LLC's management is responsible for compliance with the provisions contemplated by Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-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 Coronado Investments 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 not express such an opinion. Based on 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 on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5, and related SEC Staff Frequently Asked Questions. Jennifer Wray CPA PLLC Sugar Land, Texas. March 30, 2026 {17}------------------------------------------------ #### Fennebresque & Co., LLC's Exemption Report Fennebresque & Co., LLC (the "Company") is a registered broker-dealer subject 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 following: - The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 15c3-3, and - The Company is filing this Exemption 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 and the Company (1) did not directly 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 or (b)(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); (2) did not carry accounts of or for customers; and Fennebresque & Co., LLC Fennebresque & Co., LLC I, John Fennebresque, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ : \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Title: Managing Director **0DUFK** 1, 202 le: Director **UFK** Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.