# PEDERSON&CO LLC X-17A-5 (2026-02-13) — Broker-dealer annual report - Company: PEDERSON&CO LLC - Form: X-17A-5 - Filed: 2026-02-13 - Period: 2025-12-31 - Accession: 0001841655-26-000001 - CIK: 1841655 - File #: 8-70655 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company - Auditor location: Huntingdon Valley, PA - Contact: Zachary Pederson - Phone: 651-271-7219 - Email: zpederson@pedersonco.com - Website: pedersonco.com - Signed by: Zachary Pederson (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1841655/000184165526000001/pedersonshort2025.pdf --- {0}------------------------------------------------ **Pederson&Co LLC** #### **Statement of Financial Condition** **December 31, 2025** {1}------------------------------------------------ | 8-70655 | | |---------|--| | 01/01/2025
12/31/2025 | | | | | | | |-----------------------------------------------------------------|-------|--|--|--|--|--| | | | | | | | | | | | | | | | | | Pederson&Co
LLC | | | | | | | | ■ | | | | | | | | | | | | | | | | 9110
Belvedere
Drive | | | | | | | | | | | | | | | | Meden
Praire
MN | 55347 | | | | | | | | | | | | | | | | | | | | | | | Zachary
Pederson
651-271-7219
ZPederson@pedersonco.com | | | | | | | | | | | | | | | | | | | | | | | | Sanville
&
Company | | | | | | | | | | | | | | | | 2617
Huntingdon
Pike
Huntingdon
Valley
PA | 19006 | | | | | | | | | | | | | | | 09/18/2003
169 | | | | | | | | | | | | | | | {2}------------------------------------------------ | Zachary Pederson | | | |------------------|-----------------|--| | | Pederson&Co LLC | | December 31 025 | CEO | | |-----|--| - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ | | Page(s) | |---------------------------------------------------------|---------| | Report of Independent Registered Public Accounting Firm | 1 | | Financial Statement | | | Statement of Financial Condition | 2 | | Notes to Statement of Financial Condition | 3-5 | | | | | | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member and Those Charged With Governance of Pederson&Co LLC # **Opinion on the Financial Statement** We have audited the accompanying statement of financial condition of Pederson&Co LLC (the "Company") as of December 31, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of the Company as of December 31, 2025 in conformity with accounting principles generally accepted in the United States of America. # **Basis for Opinion** This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement 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 the Company 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 statement is free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, 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 statement. 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 statement. We believe that our audit provides a reasonable basis for our opinion. We have served as Pederson&Co LLC's auditor since 2022. Huntingdon Valley, Pennsylvania February 10, 2026 {5}------------------------------------------------ # **Pederson&Co LLC Statement of Financial Condition As of December 31, 2025** | Assets | | |---------------------------------------|--------------| | Cash | \$
53,759 | | Prepaid expenses and other assets | 11,935 | | Total assets | 65,694 | | Liabilities and Member's equity | | | Accounts payable and accrued expenses | 12,418 | | Total liabilities | 12,418 | | Member's equity | | | Total member's equity | 53,276 | | Total liabilities and member's equity | \$
65,694 | The accompanying notes are an integral part of this financial statement. {6}------------------------------------------------ ### **1. Organization** Pederson&Co LLC (the "Company"), was organized in Delaware on March 26, 2021. On March 9, 2022, the Company received approval to become a broker-dealer and as such is registered as a broker-dealer with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority Inc. ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Company, formally known as Loon Advisors LLC, is a wholly owned subsidiary of Lagoon Capital Holdings Inc. (the "Parent"). The Company's business activities include private placement of securities on a best efforts basis and investment banking M&A advisory services. The Company does not carry securities accounts for customers or perform custodial services and, accordingly, claims exemption from Rule 15c3-3 of the Securities Exchange Act of 1934. ### **2. Summary of Significant Accounting Policies** #### **Basis of Presentation** The Company's financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). #### **Cash and cash equivalents** The Company considers all demand and time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents. #### **Use of Estimates** The preparation of the financial statements in conformity with US GAAP 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 vary from the estimates that were used. #### **Revenue Recognition** The Company has adopted Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") ASC Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"). The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. The adoption of this standard had no effect on the Company's financial statements. {7}------------------------------------------------ # **Pederson&Co LLC Notes to the Statement of Financial Condition December 31, 2025** The Company's principle source of revenue is derived from M&A advisory and service fees. M&A advisory fees are generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is canceled. Retainers and other fees received from customers prior to recognizing revenue are reflected as deferred liabilities. #### **Income Taxes** The Company is a single member limited liability company, and is treated as a disregarded entity for federal income tax reporting purposes. The Internal Revenue Code ("IRC") provides that any income or loss is passed through to the ultimate beneficial individual member for federal, state and certain local income taxes. Accordingly, the Company has not provided for income taxes. At December 31, 2025, management has determined that the Company had no uncertain tax positions that would require financial statement recognition. This determination will always be subject to ongoing reevaluation as facts and circumstances may require. #### **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 advisory fees and client reimbursable income. The Company has identified its President 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 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 the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. #### **3. Related-party transactions** Pursuant to an administrative services agreement with the Parent, the Company recorded occupancy, compensation and other general and administrative expenses based on the terms and conditions stipulated in this agreement. For the year ended December 31, 2025, \$222,490 of the total expenses allocated to the Company was forgiven by the Parent in the form of capital contributions. #### **4. Net Capital Requirements** The Company, as a member of FINRA, is subject to the Securities and Exchange Commission Uniform Net Capital Rule 15c3- 1. This Rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness as defined to net capital, shall not exceed 8 to 1. The rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At December 31, 2025, the Company's net capital was \$41,341 which was \$36,341 in excess of its computed minimum net capital requirement of \$5,000. {8}------------------------------------------------ # **5. Concentration of Credit Risk** Cash consists of cash in banks, primarily held at financial institutions which at times may exceed federally insured limits of \$250,000. The Company has not experienced any losses and does not believe there to be any significant credit risk with respect to these balances. At December 31, 2025 the Company's balances did not exceed the insured limit. # **6. Commitments and Contingencies** As of December 31, 2025, the Company is not aware of any commitments, contingencies or guarantees that might result in a loss or any future obligation. ### **7. Exemption from Rule 15c3-3** The Company is relying on Footnote 74 of the SEC Release No. 34-70073 as it does not and will not hold customer funds or securities, and has not been subject to the reserve computation or possession and control provisions of Rule 15c3-3 of the Securities Exchange Act of 1934. ### **8. Subsequent Events** The Company has evaluated subsequent events from the statement of financial condition date through the date at which the financial statements were issued and determined that there were no other items to disclose. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.