# AMERICAN ALTERNATIVE CAPITAL, LLC X-17A-5/A (2023-04-28) — Broker-dealer annual report

- Company: AMERICAN ALTERNATIVE CAPITAL, LLC
- Form: X-17A-5/A
- Filed: 2023-04-28
- Period: 2022-12-31
- Accession: 0001840496-23-000004
- CIK: 1840496
- File #: 8-70651
- Type: Broker-dealer
- Material weakness: No
- Auditor: Ohab & Company, PA
- Auditor location: Maitland, FL
- Contact: Kathleen Hofer
- Phone: 248-428-8002
- Email: khofer@americanaltcap.com
- Website: americanaltcap.com
- Signed by: Kathleen Hofer (CFO)

Original filing: https://www.sec.gov/Archives/edgar/data/1840496/000184049623000004/aac2022auditresvisedfinal.pdf

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|                                                                                                                                                                                                            | UNITED STATIES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549 | OMB APPROVAL<br>OMB Number: 3235-0123<br>Expires: Oct. 31, 2023<br>Estimated average burden<br>hours per response: 12 |  |  |
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|                                                                                                                                                                                                            | ANNUAL REPORTS                                                                 | SEC FILE NUMBER                                                                                                       |  |  |
|                                                                                                                                                                                                            | FORM X-17A-5                                                                   |                                                                                                                       |  |  |
|                                                                                                                                                                                                            | PART III                                                                       |                                                                                                                       |  |  |
|                                                                                                                                                                                                            | 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 Jan 1, 2022 AND ENDING Dec 31, 2022                                                                                                                                        | MM/DD/YY                                                                       | MM/DD/YY                                                                                                              |  |  |
|                                                                                                                                                                                                            | A. REGISTRANT IDENTIFICATION                                                   |                                                                                                                       |  |  |
| NAME OF FIRM: American Alternative Capital, LLC.                                                                                                                                                           |                                                                                |                                                                                                                       |  |  |
| TYPE OF REGISTRANT (check all applicable boxes):<br>@ Broker-dealer     Security-based swap dealer     Major security-based swap participant<br>Check here if respondent is also an OTC derivatives dealer |                                                                                |                                                                                                                       |  |  |
| ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)                                                                                                                                        |                                                                                |                                                                                                                       |  |  |
| 19500 Victor Parkway Ste 550                                                                                                                                                                               |                                                                                |                                                                                                                       |  |  |
|                                                                                                                                                                                                            | (No. and Street)                                                               |                                                                                                                       |  |  |
| Livonia                                                                                                                                                                                                    | M                                                                              | 48152                                                                                                                 |  |  |
| (City)                                                                                                                                                                                                     | (State)                                                                        | (Zip Code)                                                                                                            |  |  |
| PERSON TO CONTACT WITH REGARD TO THIS FILING                                                                                                                                                               |                                                                                |                                                                                                                       |  |  |
| Kathleen Hofer                                                                                                                                                                                             | 248-428-8003                                                                   | khofer@americanaltcap.com                                                                                             |  |  |
| (Name)                                                                                                                                                                                                     | (Area Code - Telephone Number)                                                 | (Email Address)                                                                                                       |  |  |
|                                                                                                                                                                                                            | B. ACCOUNTANT IDENTIFICATION                                                   |                                                                                                                       |  |  |
| INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*<br>OHAB AND COMPANY, PA                                                                                                          |                                                                                |                                                                                                                       |  |  |
|                                                                                                                                                                                                            | (Name- if individual, state last, first, and middle name)                      |                                                                                                                       |  |  |
| 100 E SYBELIA AVE, SUITE 130 MAITLAND                                                                                                                                                                      |                                                                                | 32751<br>ﻠ                                                                                                            |  |  |
| (Address)                                                                                                                                                                                                  | (City)                                                                         | (Zip Code)<br>(State)                                                                                                 |  |  |
| JULY 28, 2004                                                                                                                                                                                              |                                                                                | 1839                                                                                                                  |  |  |
| (Date of Registration with PCAOB)(if applicable)                                                                                                                                                           |                                                                                | (PCAOB Registration Number, if applicable)                                                                            |  |  |
| * Claims for exemption from the requirement that the annual reports of an independent public                                                                                                               | FOR OFFICIAL USE ONLY                                                          |                                                                                                                       |  |  |

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.

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#### OATH OR AFFIRMATION

I. Kathleen Hofer \_ swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of American Altemative Capital, LLC. , as of

12/31 , 2022 \_ \_ 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 of financial condition.
- [ (b) Notes to consolidated statement of financial condition.
- (c) Statement of income (loss) or, if there is other comprehensive 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 proprietor's equity.
- [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.
- [ (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.
- O (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-2, 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.
- O (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.
- [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 of financial condition.
- | | 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.
- O (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 240.18a-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.
- [] (y) Report describing any material inadequacies 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 240.18c-7(d)(2), as applicable.

Signature: Title. CFO

RAVEEN MARAHAR NOTARY PUBLIC - STATE OF MICHIGAN COUNTY OF MACOMB My Commission Expires May 19, 2028 Acting in the County of Macomb

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# American Alternative Capital, LLC

Financial Statements and Supplemental Schedule (with Report of Independent Registered Public

For the Period January 1, 2022 to December 31, 2022

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## American Alternative Capital, LLC

#### Table of Contents

| Report of Independent Registered Public Accountant                                | 1     |
|-----------------------------------------------------------------------------------|-------|
| Statement of Financial Condition                                                  | 2     |
| Statement of Income                                                               | 3     |
| Statement of Changes in Members' Equity                                           | ব     |
| Statement of Cash Flow                                                            | 5     |
| Notes to Financial Statements                                                     | 6 - g |
| Schedule I – Computation of Net Capital                                           | 10    |
| Schedule II - Computation for Determining of Reserve Requirements                 | 11    |
| Schedule III - Information Relating to Possession or Control Requirements         | 12    |
| Report of Independent Registered Public Accountant Regarding Exemption Provisions | 13    |
| Assertions Regarding Exemption Provisions                                         | 14    |

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100 E. Sybelia Ave. Suite 130 Maitland, FL 32751

Certified Public Accountants Email: pam a ohabco.com

Telephone 407-740-7311 Fax 407-740-6441

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Members' of American Alternative Capital, LLC

#### Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of American Alternative Capital, LLC as of December 31, 2022, the related statements of income, changes in members' 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 American Alternative Capital, LLC as of December 31, 2022, 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 American Alternative Capital, LLC's management. Our responsibility is to express an opinion on American Alternative 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 independent with respect to American Alternative Capital, 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 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 Schedules I, II and III have been subjected to audit procedures performed in conjunction with the audit of American Alternative Capital, LLC's financial statements. The supplemental information is the responsibility of American Alternative Capital, LLC's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying 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 Schedules I, II and III are fairly stated, in all material respects, in relation to the financial statements as a whole.

Ohar and Company, PA

We have served as American Alternative Capital, LLC's auditor since 2022.

Maitland, Florida

April 13, 2023

April 28, 2023, except for statement of changes in members' equity and statement of cash flows

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## American Alternative Capital, LLC Statement of Financial Condition December 31, 2022

|                            | Dec 31, 22 |
|----------------------------|------------|
| ASSETS                     |            |
| Current Assets             |            |
| Checking/Savings           | 113,110    |
| Other Current Assets       |            |
| Taxes Receivable           | 29,900     |
| Rec from Sponsors          | 29,072     |
| PPD                        | 10,304     |
| Total Other Current Assets | 69,275     |
| Total Current Assets       | 182,385    |
| TOTAL ASSETS               | 182,385    |
| LIABILITIES & EQUITY       |            |
| Liabilities                |            |
| Current Liabilities        |            |
| Accounts Payable           | 27,286     |
| Other Current Liabilities  | 29,995     |
| Total Current Liabilities  | 57,281     |
| Total Liabilities          | 57,281     |
| Equity                     |            |
| Retained Earnings          | 246        |
| Net Income                 | 124,858    |
| Total Equity               | 125,104    |
| TOTAL LIABILITIES & EQUITY | 182,385    |

The footnotes are an integral part of the financial statements

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# American Alternative Capital, LLC Statement of Income For the Period January 1, 2022 to December 31, 2022

|                          | Jan - Dec<br>22 |
|--------------------------|-----------------|
| Ordinary Income/Expense  |                 |
| Income                   | 425.941         |
| Expense                  |                 |
| Outside Services         | 81,500          |
| Donations                | 25,000          |
| Promotional              | 9,848           |
| Payroll                  | 102.135         |
| Regulatory Fees          | 38,801          |
| General & Administrative | 10,818          |
| Travel                   | 1.401           |
| Technology               | 11,817          |
| Professional Fees        | 19,764          |
| Total Expense            | 301,082         |
| Net Ordinary Income      | 124,858         |
| Net Income               | 124,858         |

The footnotes are an integral part of the financial statements

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## American Alternative Capital, LLC Statement of Changes in Members' Equity For the Period January 1, 2022 to December 31, 2022

|                                | Dec 31,2022 |
|--------------------------------|-------------|
| Beg Member Equity Dec 31, 2021 | 13,505      |
| Member Contributions           | 94,486      |
| Member Distributions           | -107,745    |
| Net Income                     | 124,858     |
| Total Member Equity            | 125,104     |

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## American Alternative Capital, LLC Statement of Cash Flows For the Period January 1, 2022 to December 31, 2022

|                                           | Jan - Dec 22 |
|-------------------------------------------|--------------|
| OPERATING ACTIVITIES                      |              |
| Net Income                                | 124,858      |
| Adjustments to reconcile Net Income       |              |
| to net cash provided by operations:       |              |
| Taxes Receivable                          | -29,900      |
| Rec from Sponsors:IHC                     | -29.072      |
| PPD:E&O                                   | -904         |
| PPD:Fidelity Bond                         | -556         |
| PPD:FINRA CRD                             | -8.594       |
| PPD:Global Relay                          | -250         |
| Accounts Payable                          | 27,286       |
| Payable to CIP                            | 5,075        |
| Payable to CIS                            | 24,920       |
| Accrued Expenses Payable                  | -13,926      |
| Net cash provided by Operating Activities | 98,938       |
| FINANCING ACTIVITIES                      |              |
| Members' Equity                           |              |
| Member Contribution                       | 94.486       |
| Member Distribution                       | -107,745     |
| Net cash used by Financing Activities     | -13,259      |
| Net cash increase for period              | 85,679       |
| Cash at beginning of period               | 27,431       |
| Cash at end of period                     | 113,110      |

#### Supplemental Disclosure:

Cash paid for interest

The footnotes are an integral part of the financial statements

\$0

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#### Note 1 - NATURE OF BUSINESS

Link Alts Capital, LLC (the "Company") was organized on July 6, 2020, under the laws of Colorado. The Company is a registered broker/dealer in securities under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory ("FINRA"). The Company primarily serves as a placement agent between privately held companies seeking to sell private placement securities through financial intermediaries. Link Alts was acquired by Concorde Investment Partners, LLC, ("CIP") on July 7, 2022, and is currently operating under the DBA American Alternative Capital, LLC.

## Note 2 - CASH AND CASH EQUIVALENTS

For purposes of reporting the statement of cash flows, the Company considers all cash accounts, which are not subject to withdrawal restrictions of penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Cash balances in excess of FDIC and similar Insurance coverage are subject to the usual banking risks associated with funds in excess of those limits. On December 31, 2022, the Company had no uninsured cash balances.

## Note 3-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The presentation 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.

#### Revenue Recognition

The Company operates as the Managing Broker Dealer which functions as the wholesaler for raising funds for an offering. The Company receives commissions as interest are sold and recognizes revenue at the trade date (purchase date) as the Company believes the performance obligations is satisfied because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership of the interests have been transferred to/from the customer.

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#### Note 4: INCOME TAXES

The Company is treated as a disregarded entity for federal income tax purposes, in accordance with

single member limited liability company rules. All tax effects of the Company's income or loss are passed through to the members of the Company.

The Company is required to file income tax returns in state tax jurisdictions. The Company's tax returns are subject to examination by taxing authorities in the jurisdictions in which it operates in accordance with the normal statutes of limitations in the applicable jurisdiction. The statute of limitations for state purposes is generally three years but may exceed this limitation depending upon the jurisdiction involved.

#### Note 5: RELATED PARTY TRANSACTION

The Company is subject to an expense sharing agreement ("ESA") with Concorde Investment Partners, LLC, ("CIP").

#### Note 6: COMMITMENTS AND CONTINGENCIES

The Company has no commitments and contingencies as of the year ended December 31, 2022.

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#### Note 7: GUARANTEES

FASB ASC 460, Guarantees, requires the Company to disclose information about its obligations under certain guarantee arrangements. FASB ASC 460 defines guarantees as contracts and indemnification agreements that contingently require a guarantor to make payments to the guaranteed party based on changes in an underlying factor (such as an interest or foreign exchange rate, security or commodity price, an index or the occurrence or nonoccurrence of a specified event) related to an asset, liability or equity of the guarantor to make payments to the guaranteed party based on another entity's failure to perform under an agreement as well as indirect guarantees of indebtedness of others.

The Company has issued no guarantees at December 31, 2022 or during the year then ended.

#### Note 8: INVESTMENT

The Company had no investments in the fiscal year ended December 31, 2022.

#### Note 9: 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. Rule 15c3-1 also provides that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. Net capital and aggregate indebtedness change day to day, but on December 31, 2022, the Company had net capital of \$81,577 which was \$76,577 in excess of its required net capital of \$5,000; and the Company's ratio of aggregate indebtedness (\$57,281) to net capital was 0.70 to 1, which is less than the 15 to 1 maximum allowed.

#### Note 10: COMPANY CONDITION

The Company had no loss for the year ended December 31, 2022, and has received capital contribution from CIP for working capital. The Company's owner, CIP, has agreed to provide capital contributions to the Company as necessary for it to continue operations and to maintain compliance with minimum net capital requirements.

Management expects the Company to continue as a going concern and the accompanied financial statements have been prepared on a going-concern basis without adjustment for realization in the

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event the Company ceases to continue as a going concern.

#### Note 11: SUBSEQUENT EVENTS

Management has evaluated the Company's subsequent events and transactions that occurred through the date which the financial statements were available to be issued and determined the only event or subsequent transaction that requires disclosure is additional partner, Jason Kavanaugh will be buying into American Alternative Capital, LLC. And is currently in the approval process via 1017 application with FINRA for acceptance and approval.

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#### American Alternative Capital, LLC Schedule I – Computation of Net Capital Requirements Pursuant to Rule 15c3-1 As of December 31,2022

#### Computation of net capital

| Member's equity                                                                                                            | ತಿ | 125.104                   |   |          |
|----------------------------------------------------------------------------------------------------------------------------|----|---------------------------|---|----------|
| Total member's equity                                                                                                      |    | S                         |   | 125,104  |
| Less: Non-allowable assets<br>Taxes Receivable<br>Receivable from Sponsors (Net of Payables)<br>Prepaid expense            |    | 29,072<br>4,151<br>10,304 |   |          |
| Total non-allowable assets                                                                                                 |    |                           |   | 43.527   |
| Net capital                                                                                                                |    |                           |   | \$81,577 |
| Computation of net capital requirements<br>Minimum net capital requirements<br>6 2/3 percent of net aggregate indebtedness | S  | 3,819                     |   |          |
| Minimum dollar net capital required                                                                                        | ક  | 5,000                     |   |          |
| Net capital required (greater of above)                                                                                    |    |                           |   | (5.000)  |
| Excess net capital                                                                                                         |    |                           | S | 76.577   |
| Ratio of aggregate indebtedness to net capital<br>0.70 : 1                                                                 |    |                           |   |          |

There was no material difference between net capital computation shown here and the net capital computation shown on the Company's unaudited Form X-17A-5 report dated December 31, 2022.

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### American Alternative Capital, LLC Schedule II - Computation for Determining of Reserve Requirements Pursuant to Rule 15c3-3 As of December 31, 2022

A computation of reserve requirements is not applicable to American Alternative Capital, LLC as in reliance on footnote 74 to SEC Release 34-70071, the Company (1) does not and will not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers, and (3) does not and will not carry PAB accounts.

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### American Alternative Capital, LLC Schedule III - Information Relating to Possession or Control Requirements Pursuant to Rule 15c3-3 As of December 31, 2022

Information relating to possession or control requirements is not applicable to American Alternative Capital, LLC as in reliance on footnote 74 to SEC Release 34-70071, the Company (1) does not and will not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers, and (3) does not and will not carry PAB accounts.

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100 E. Sybelia Ave. Suite 130 Maitland. FL 32751

Certified Public Accountants Email: pam a ohabco.com

Telephone 407-740-7311 Fax 407-740-6441

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Members' of American Alternative Capital, 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) American Alternative Capital, LLC (the Company) did not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and (2) the Company is tiling this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting and the ming the E.M. 6 240.17ap blocal the Company limits its business activities exclusively to a placement agent between privately-held companies seeking to sell private placement securities through financial intermediaries. In addition, the Company add 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 Rhille 15cc 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.

American Alternative Capital, LLC's management is responsible for compliance with the exemption provisions 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 American Alternative 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 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 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.

Ohab and Company, PA Maitland, Florida April 13, 2023

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### American Alternative Capital, LLC Exemption Report

Link Alts Capital, LLC, DBA American Alternative Capital, 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:

- (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 the 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 as a placement agent between privately-held companies seeking to sell private placement securities through financial intermediaries, 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 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 did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.

American Alternative Capital, LLC.

I, Kathleen Hofer, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.

Bv: Title: CFO

4/13/2023


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.
