# MYSTIC CAPITAL MARKETS GROUP, LLC X-17A-5 (2026-02-19) — Broker-dealer annual report
- Company: MYSTIC CAPITAL MARKETS GROUP, LLC
- Form: X-17A-5
- Filed: 2026-02-19
- Period: 2025-12-31
- Accession: 0001531257-26-000001
- CIK: 1531257
- File #: 8-68974
- Type: Broker-dealer
- Material weakness: No
- Auditor: DAVID LUNDGREN AND COMPANY, CPAS
- Auditor location: OLATHE, KS
- Contact: CURTIS WEEKS
- Phone: 6786798642
- Email: curtis@mysticcapital.com
- Website: mysticcapital.com
- Signed by: MATHEW KLOSSNER (COO)
Original filing: https://www.sec.gov/Archives/edgar/data/1531257/000153125726000001/mysticaudit25.pdf
---
{0}------------------------------------------------
Docusign Envelope ID: 183CD952-C092-4B22-85A5-0D7C75CAB10D CONFIDENTIAL
> **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 | |
|-----------------|--|
| 8-68974 | |
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/YY | | | MM/DD/YY |
| | A. REGISTRANT IDENTIFICATION | | | |
| NAME OF FIRM: Mystic Capital Markets Group | | | | |
| TYPE OF REGISTRANT {check all applicable boxes):
[E Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | □
[ Security-based swap dealer | Major security-based swap participant | | |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | |
| 165 Madison Ave, Suite 402 | | | | |
| | (No. and Street) | | | |
| New York | NY | | | 10016 |
| (City) | (State) | | | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | |
| Curtis Weeks | 678.679.8642 | | Curtis@mysticcapital.com | |
| (Name) | (Area Code - Telephone Number) | | (Email Address) | |
| | B. ACCOUNTANT IDENTIFICATION | | | |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing | | | | |
| David Lundgren and Company, CPAs | | | | |
| | (Name -if individual, state last, first, and middle name) | | | |
| 505 N Mur-Len Rd | Olathe | | KS | 66062 |
| (Address) | (City) | | (State) | (Zip Code) |
| 6075
1/5/2015 | | | | |
| | | | | (PCAOB Registration Number, if applkab�JI |
| rte of Registration with PCAOB)(if applicable I | 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)(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, Matthew Klossner | swear (or affirm) that, to the best of my knowledge and belief, the |
|--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|
| financial report pertaining to the firm of | as of
Mystic Capital Markets Group |
| 12/31 | 205,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. | |
| e"" | rSlgnedby: | |
|--------|------------------|--|
| | | |
| Title: | 68F902761356463. | |
| coo | | |
#### **This filing\*\* contains (check all applicable boxes):**
- g (a) Statement of financial condition.
- □ (b) Notes to consolidated statement of financial condition.
- a (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined i n § 210.1-02 of Regulation S-X).
- a (d) Statement of cash flows.
- iiJ (e} Statement of changes in stockholders' or partners' or sole proprietor's equity.
- □ (f) Statement of changes in liabilities subordinated to claims of creditors.
- iil (g) Notes to consolidated financial statements.
- a (h) Computation of net capital under 17 CFR 240.15c3-1 0r 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.
- a (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.
- iii (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.
- □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
- iiJ (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.
- □ {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 report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, 0r 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 240.17a2-5 0r 17 CFR 240.18a-7, as applicable.
- iiJ (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 240.15c3-1e 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). □ (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}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
{3}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **Table of Contents**
| Report of Independent Registered Public Accounting Firm | 1 |
|----------------------------------------------------------------------------------------------------------------------------------------------------|-----|
| Financial Statements | |
| 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 |
| Supplementary Schedule I- Computation of Net Capital | 1 O |
| Supplementary Schedules II and Il l.
. .
. .
. .
. .
. .
. .
| 11 |
| Independent Accountant's Report on Exemption | 12 |
| Exemption Report . | 13 |
{4}------------------------------------------------
DAVID B. LUNDGREN, MBA, CPA
TELEPHONE (913) 782-9530 FACSIMILE (913) 7829564
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Member of Mystic Capital Markets Group, LLC
#### **Opinion on the Financial Statements**
We have audited the accompanying statement of financial condition of Mystic Capital Markets Group, LLC as of December 3 1, 2025, the related statements of operations, changes in member's equity, and cash flows for the year then ended, 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 Mystic Capital Markets Group, LLC as of December 3 1, 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.
#### **Basis for Opinion**
These financial statements are the responsibility of Mystic Capital Markets Group, LLC's management. Our responsibility is to express an opinion on Mystic Capital Markets Group, 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 Mystic Capital Markets Group, 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 Schedule I - Computation of Net Capital 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. Schedule III -- Information Relating to the Possession or Control Requirement Under Rule 15c3-3 of the Securities and Exchange Commission have been subjected to audit procedures performed in conjunction with the audit of Mystic Capital Markets Group, LLC's financial statements. The supplemental information is the responsibility of Mystic Capital Markets Group, 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 Schedule I -- Computation of Net Capital Under Rule 153-1 of the Securities and Exchange Commission, Schedule II -- Computation for Determination of Reserve Requirements Under Rule 15c3-3 of the Securities and Exchange Commission, Schedule I II -- Information Relating to the Possession or Control Requirement Under Rule 15c3-3 of the Securities and Exchange Commission are fairly stated, in all t rial respects, in relation to the financial statements as a whole.
*7* %
We have served as Mystic Capital Markets Group, LLC's auditor since 2018
Olathe, Kansas February 9, 2026
{5}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2025**
#### **ASSETS**
| CURRENT ASSETS:
Cash
Prepaid insurance
Prepaid CRD | 300,499
\$
13,000
6,822 |
|-------------------------------------------------------------|----------------------------------|
| Total current assets | I
320,321 |
| TOTAL ASSETS | I \$
320,321 |
#### **LIABILITIES AND MEMBER'S EQUITY**
| CURRENT LIABILITIES
Accounts payable and accrued expenses
Due to Parent | 7,821
\$
13,475 |
|-------------------------------------------------------------------------------|-----------------------|
| Total current liabilities | 21,296 |
| TOTAL LIABILITIES | I
21,296 |
| MEMBER'S EQUITY | I
299,025 |
| TOTAL LIABILITIES & MEMBER'S EQUITY | 1\$
320,321 |
The accompanying notes are an integral part of these financial statements.
{6}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2025**
| REVENUES:
Fee Revenue | -
\$ |
|---------------------------------------------|-----------------|
| Reimbursed Expense | - |
| Total revenues | -
I\$ |
| OPERATING EXPENSES: | |
| Payroll expenses (related party) | -
\$ |
| Legal and professional fees | 44,026 |
| Legal and professional fees (related party) | 1,200 |
| Insurance | 2,000 |
| Insurance {related party) | 12,000 |
| Rent (related party) | 12,000 |
| Regulatory fees | 5,952 |
| Computer and technology {related party) | 1,800 |
| Telephone {related party) | 1,800 |
| Business development {related party) | 600 |
| Office (related party) | 300 |
| Travel | - |
| Taxes and licenses | - |
| Total expenses | I
81,678 |
| NET LOSS | (81,678)
1\$ |
The accompanying notes are an integral part of these financial statements.
{7}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2025**
| MEMBER'S EQUITY, JANUARY 1 | \$ | 380,703 |
|------------------------------|-----|----------|
| Net Loss
Distributions | | (81,678) |
| MEMBER'S EQUITY, DECEMBER 31 | 1\$ | 299,025 |
The accompanying notes are an integral part of these financial statements.
{8}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025**
| OPERATING ACTIVITIES: | | |
|---------------------------------------------------|-----|----------|
| Net Loss | \$ | (81,678) |
| Adjustments to reconcile net income to net cash | | |
| provided by operating activities | | |
| Increase in prepaid CRD | | (1,744) |
| Increase in accounts payable and accrued expenses | | - |
| Decrease in Due to Parent | | (1,275) |
| Increase in Prepaid Insurance | | (12,000) |
| Net cash used by operating activities | I | (96,697) |
| FINANCING ACTIVITIES:
Distributions | | - |
| Net cash used by financing activities | I | - |
| NET INCREASE IN CASH | I | (96,697) |
| CASH AT BEGINNING OF YEAR | | 397,196 |
| CASH AT END OF YEAR | I\$ | 300,499 |
| | | |
The accompanying notes are an integral part of these financial statements.
{9}------------------------------------------------
**(A Limited Liability Company)**
### NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
#### **1. ORGANIZATION AND NATURE OF BUSINESS**
Mystic Capital Markets Group, LLC, a Delaware limited liability company, (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and the Financial Industry Regulatory Authority ("FINRA") effective November 19, 2012. The Company is a limited liability company organized under the laws of the State of Delaware and a wholly owned subsidiary of Mystic Capital Advisors Group, LLC (the "Parent" and sole member).
The Company provides investment banking services including merger and acquisition advisory, capital raising, strategic advisory, and fairness opinions/valuations.
Since the Company is a limited liability company, the member is not liable for the debts, obligations, or liabilities of the Company, whether arising in contract, tort or otherwise, unless the member has signed a specific guarantee.
### **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
#### Basis of Accounting
The Company maintains its books and records on the accrual basis of accounting for financial reporting purposes, which is in accordance with U.S. generally accepted accounting principles which is required by the SEC and FINRA.
#### 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 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. Actual results could differ from those estimates.
#### Cash and Cash Equivalents
For the purposes of the statement of cash flows, the Company defines cash equivalents as highly liquid investments with original maturity dates of less than ninety days that are not held for sale in the ordinary course of business.
{10}------------------------------------------------
**(A Limited Liability Company)**
NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
## Cash and Cash Equivalents *(continued)*
The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk for cash.
## Revenue Recognition
Revenues are recognized as earned, normally for services rendered and upon closing for placement transactions. Non-refundable retainers are recognized as revenue in accordance with the terms of the contract and are applied against transaction fees upon closing, if applicable.
## Income Taxes
The Company is a limited liability company and as such, is not required to file its own tax return. Accordingly, no provision for income taxes is provided in the financial statements as they are the responsibility of the individual member.
The Company has adopted the provisions of FASB Accounting Standards Codification 7 40-10, Accounting for Uncertainty in Income Taxes. Under FASB ASC 740-10, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status and the decision not to file a return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary.
The member files income tax returns in the U.S. in both federal jurisdiction and state jurisdictions. The Company is no longer subject to U.S federal, state or local tax examinations by tax authorities for tax years before 2022.
### **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 and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2025, the Company had net capital of \$279,203 which was \$274,203 in excess of its required net capital of \$5,000. The Company's percentage of aggregate indebtedness to net capital was 7.63%.
{11}------------------------------------------------
**(A Limited Liability Company)**
NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2025
# **4. CONCENTRATIONS**
For the period January 1, 2025 through December 31, 2025, the Company did not earn any revenue.
## **5. COMMITMENTS AND CONTINGENCIES**
The Company has evaluated commitments and contingencies in accordance with Accounting Standards Codification 450, Contingencies (ASC 440) and Accounting Standards Codification 440, Commitments (ASC 440). Management has determined that no significant commitments and contingencies exist as of December 31, 2025.
### **6. SUBSEQUENT EVENTS**
The Company evaluated subsequent events through the date its financial statements were available to be issued. The Company did not identify any material subsequent events requiring adjustment to or disclosure in its financial statements.
### **7. RELATED PARTY-DUE TO PARENT**
The Company has an expense sharing arrangement with its member to pay certain expenses. Under this arrangement, the Company recorded \$29,700 in expenses pursuant to the agreement and no payroll expense, and owes the parent \$13,475 as of December 31, 2025.
{12}------------------------------------------------
**(A Limited Liability Company)**
NOTES TO FINANCIAL STATEMENTS DECEMBER 3 1, 2025
## **8. SINGLE REPORTABLE SEGMENT**
The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including principal transactions, agency transactions, investment banking and venture capital businesses. The Company has identified its Chief Executive Officer as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 3), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay dividends. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages business activities using information of the Company as a whole. The accounting policies used to measure profit and loss of the segment are the same as those described in the summary of significant accounting policies. The Company derived no revenues in 2025.
{13}------------------------------------------------
(A LIMITED LIABILITY COMPANY)
#### **SCHEDULE** I **COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION AS OF DECEMBER 31, 2025**
| TOTAL MEMBERS' EQUITY QUALIFIED FOR NET
CAPITAL | I\$
299,025 |
|----------------------------------------------------------------------------------------------------------------------|---------------------|
| DEDUCTIONS AND/OR CHARGES:
Prepaid Insurance
Prepaid CRD | (13,000)
{6,822) |
| NET CAPITAL | 279,203
1\$ |
| AGGREGATE INDEBTEDNESS
Accounts payable and accrued expenses
Due to parent | 7,821
13,475 |
| Total aggregate indebtedness | I\$
21,296 |
| COMPUTATION OF BASIC NET CAPITAL REQUIREMENT
Minimum net capital required | 5,000
1\$ |
| Excess net capital | 274,203
1\$ |
| Net capital in excess of the greater of: 10% of aggregate
indebtedness or 120% of minimum net capital requirement | I 5
273,203 |
| Percentage of aggregate indebtedness to net capital | I
7.63% |
| | |
There is no difference in the above computation and the Company's net capital, as reported in the Company's Part IIA (unaudited) FOCUS report as of December 31, 2025.
{14}------------------------------------------------
**(A Limited Liability Company)**
NOTES TO FINANCIAL STATEMENTS DECEMBER 3 1, 2025
## **SCHEDULE** II
## **COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION**
The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on Footnote 7 4 to SEC Release 34-70073, and as discussed in Q&A.8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts.
# **SCHEDULE** Ill
## **INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15c3-3 OF THE SECURITIES AND EXCHANGE COMMISSION**
The Company does not claim an exemption from SEA Rule 15c3-3, in reliance on Footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Company does not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not carry accounts of or for customers and (3) does not carry PAB accounts.
{15}------------------------------------------------
DAVID B. LUNDGREN, MBA, CPA
TELEPHONE (913) **782-9530** FACSIMILE (91**3) 782-9564**
#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Member of Mystic Capital Markets Group, LLC
We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which (1) Mystic Capital Markets Group, LLC (the Company) did not claim an exemption under paragraph (k) of 17 CF.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 exclusively to private placements; and advisory work including mergers and acquisitions, fairness opinions and strategic financial consulting. In addition, the Company 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 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 customers; and did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.
Mystic Capital Markets Group, 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 Mystic Capital Markets Group, 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 upon the Company's business activities contemplated by Footnote 7 4 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. \$ 240 .17a-5, and related SEC Staff Frequently Asked Questions.
A *122id.ha-/%. 7*
Olathe, Kansas February 9, 2026
{16}------------------------------------------------
# **Exemption Report**
Mystic Capital Markets Group. LLC (the Firm) is a registered broker-dealer subject to Rule I7a-5 promulgated by the Securities and Exchange Commission ( 17 CF.R. \$240. 17a-5, Reports to be made by certain brokers and dealers"), This Exemption Report was prepared as required by I7 CE.R. \$ 240. 17a-5(d)(1) and (4). To the best of its knowledge and belief, the Firm states the following:
The Firm does not claim an exemption under paragraph (k)of I7 CE.R. *\$* 240. 15c3-3: and the Firm is filing this Exemption Report in reliance on Footnote 74 t0 SEC Release 34-70073 and as discussed in Q&A 8 of the related FAQ issued by SEC staff. The Firm has no obligation under SEC Rule I 5c3-3 because it does not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers; does not carry accounts of or for customers; and does not carry PAB accounts. The Firm conducts business activities involving private placements; and advisory work including mergers and acquisitions, fairness opinions and strategic financial consulting. We do not accept customer funds or securities and will not have possession of any customer funds or securities in connection with our activities.
The Firm had no exceptions to the provision identified above throughout the most recent fiscal year.
I, -tJhlh{)✓w k/cS5/1fJ"swear (or affirm) that to my best knowledge and belief, this Exemption Report is true and correct.
Date *7 7 - (Ct* Title / :/es/
Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.