# POLYGON CAPITAL ADVISORS, LLC X-17A-5 (2025-02-14) — Broker-dealer annual report - Company: POLYGON CAPITAL ADVISORS, LLC - Form: X-17A-5 - Filed: 2025-02-14 - Period: 2024-12-31 - Accession: 0001529989-25-000002 - CIK: 1529989 - File #: 8-68965 - Type: Broker-dealer - Material weakness: No - Auditor: Tuttle & Bond, PLLC - Auditor location: Giddings, TX - Contact: Patricia E. Glovsky - Phone: 4153770155 - Email: pglovsky@polygoncapital.com - Website: polygoncapital.com - Signed by: Patricia E. Glovsky (CEO/Managing Partner) Original filing: https://www.sec.gov/Archives/edgar/data/1529989/000152998925000002/24aupub.pdf --- {0}------------------------------------------------ ## **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** 0MB APPROVAL 0 MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # **ANNUAL REPORTS FORM X-17 A-5 PART** Ill **FACING PAGE** | SEC FILE NUMBER | | |-----------------|--| | 8-68965 | | | 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 1/01/2024 | 12/31/2024
AND ENDING | | | | | MM/DD/VY | MM/DD/VY | | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME oF FIRM: Polygon Capital Advisors, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | D Security-based swap dealer
C!J Broker-dealer
□ 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.) | | | | | | 15 Second Street, Suite 9 | | | | | | | (No. and Street) | | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|-----------------|-----------------------------|--| | Sausalito | CA | | 94965 | | | (City) | (State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Patricia E. Glovsky | (415) 775-3300 | | pglovsky@polygoncapital.com | | | (Name) | (Area Code -Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing *
Tuttle & Bond, PLLC
(Name - if individual, state last, first, and middle name) | | | | | | 3488 South U.S. Hwy 77 | Giddings | TX | 78942 | | | (Address) | (City) | (State) | (Zip Code) | | | 03/19/2019 | | 6543 | | | | | | | | | | | 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, Patricia E. Glovsky swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Polygon Capital Advisors, LLC as of December 31 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 sole ly as that of a customer. Title: CEO/M;;,naQ,lnQ P:artner See Attached Notary Public #### **This filing\*\* contains (check all applicable boxes):** - ~ (a) Statement of financial condition. - :::J (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. - **iii** (g) Notes to **eeRseliElateEI** 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 240.15c3-3. - D (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. - 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.lSa-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 financi al condition . - **iii** (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. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (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.lSa-7, as appl icable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as appl icable. - 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-S(e}(3) or 17 CFR 240.18a-7{d)(2), as applicable.* {2}------------------------------------------------ ### CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE & 1189 A notary public or other officer completing this certificate verfiles only the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. ����������������������������������������������������������������������� | | TES SALES FOR SELL SE I THE TELEVILLE ESTABLE COLLECT PRESERT SELLECT PRESENT SE LE PRESENT SE LE PRESENT SE LE FECILIE SECTION SET THE PERFECT SECTION SET THE PERFECT SECTIO | |---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | State of California | | | County of MaRM | | | | on February 12, 2025 before me, Fita Monica Sedaran-Coarier | | Date | Here Insert Name and Title of the Officer | | | | | | personally appeared Patrica E. Clous Ky
Name(s) of Signer(s) | who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. ![](_page_2_Picture_5.jpeg) Place Notary Seal and/or Stamp Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature Signature of Notary Public OPTIONAL | | Description of Attached Document | | | |----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | Title or Type of Document: | | | | | Document Date: Date: Date: 1 ------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Signer(s) Other Than Named Above: ____________________________________________________________________________________________________________________________________________ | | | | | Capacity(ies) Claimed by Signer(s) | | | | | Signer's Name: | | Signer's Name: _______________________________________________________________________________________________________________________________________________________________ | | | Corporate Officer -- Title(s): L. | | Corporate Officer - Title(s): -- Title(s): ----------------------------------------------------------------------------------------------------- | | D Partner -- D Limited D General | | D Partner - Li Limited D General | | | O Individual | D Attorney in Fact | II Individual | I Attorney in Fact | | II Trustee | J Guardian of Conservator | FI Trustee | D Guardian of Conservator | | | El Other: A - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - | | D Other: a manager and more and server a manufact | | | | Signer is Representing. | Signer is Representing: ______________________________________________________________________________________________________________________________________________________ | (02017 National Notary Association {3}------------------------------------------------ Polygon Capital Advisors, LLC Financial Statements Required by the U.S. Securities and Exchange Commission For the Year Ended December 31, 2024 {4}------------------------------------------------ # Contents | Financial Statements | | |--------------------------------------|--| | Statement of Financial Condition
| | | Notes to Financial Statements | | {5}------------------------------------------------ Polygon Capital Advisors, LLC Statement of Financial Condition For the Year Ended December 31, 2024 {6}------------------------------------------------ # **Polygon Capital Advisors, LLC Financial Statements Statement of Financial Condition For the year ended December 31, 2024** ## **ASSETS** | Assets | | |-------------------------------------|--------------| | Current Assets | | | Cash | \$
15,050 | | Other Assets | | | Prepaid Expenses | 425 | | Total Assets | \$
15,475 | | LIABILITIES & MEMBERS' EQUITY | | | Liabilities | | | Current Liabilities | | | Accounts Payable | \$
1,581 | | Total Liabilities | 1,581 | | Members' Equity | | | Total Members' Equity | 13,895 | | Total Liabilities & Members' Equity | \$
15,475 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # **Polygon Capital Advisors, LLC Notes to Financial Statements As of and for the year ended December 31, 2024** ## **Note 1-0rganization and Nature of Business** Polygon Capital Advisors, LLC ("Company") Delaware Limited Liability Company, was formed in April 2009. The company is wholly owned by Polygon Capital, LLC ("Parent"). The Company specializes in Mergers and Acquisitions and Private Placements and is a member of the Financial Industry Regulatory Authority ("FINRA"). It maintains its main branch office in the state of California. The Company is engaged in the business as a securities broker/dealer, which comprises several classes of services, including: - Mergers and acquisitions related services, strategic planning and valuation services; and - Private placements of securities. ## **Note 2 - Significant Accounting Policies** The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). ## **Note 3** - **Commitments and Contingencies** The Company does not have any commitments, guarantees or contingencies that may result in a loss or future obligation, or that may be asserted against the firm at a future date. ## **Note 4 - Concentration of Credit Risk** The Company's cash balance, maintained at a financial institution, may at times be in excess of the amount insured by the Federal Deposit Insurance Corporation. Management regularly monitors the financial condition of the institution in order to keep the potential risk to a minimum. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.