# HMP CAPITAL, LLC X-17A-5 (2026-04-15) — Broker-dealer annual report - Company: HMP CAPITAL, LLC - Form: X-17A-5 - Filed: 2026-04-15 - Period: 2025-12-31 - Accession: 0001973481-26-000004 - CIK: 1973481 - File #: 8-71088 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company, LLC - Auditor location: Dallas, TX - Contact: Richard Amsberry - Phone: 214-360-9822 - Signed by: ERIC WELCHKO (PRESIDENT) Original filing: https://www.sec.gov/Archives/edgar/data/1973481/000197348126000004/hmpaudit25.pdf --- {0}------------------------------------------------ HMP Capital, LLC HMP Capital, LLC Financial Statements and Supplemental Schedules Required by the Securities and Exchange Commission Financial Statements and Supplemental Schedules Required by the Securities and Exchange Commission For the period from February 20, 2025 (Commencement of brokerdealer operations) To December 31, 2025 (With Reports of lndependent Registered Public Accounting Firm Thereon) For the period from February 20, 2025 (Commencement of broker-dealer operations) To December 31, 2025 (With Reports of Independent Registered Public Accounting Firm Thereon) {1}------------------------------------------------ #### HMP Capital, LLC December 31, 2025 HMP Capital, LLC December 31, 2025 #### Contents Contents | FACING: PaQe isssssessrsesesresrr ean nara
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Oath or Affirmation
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te | | | Report of lndependent Registered Public Accounting Firm | Report of Independent Registered Public Accounting Firm. 0ccccccccccccecsssesseeesesssesestesessessseeeseeteeeeeees 1 | | | Financial Statements
Financial Statements | | | | Slatementor Financial CONGIION scnss0-ccs
Statement of Financial Condition | mRNA
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er | RRR
eeemeenes 3 | | Statement of Operati0ns | Statement:-of Operations tevcesssnessererensessnevesnneonernenmmancaasuroneaasenyeseumr | ancien semenasunnitenaeetenm | | Statement of Changes in Members Equity | Statement of Changes in Members Equityccccccccccccecccseeecseeecseeeseeesscssesetseeseseescssessesesteeessstaeeesees 5 | | | Statement of Cash Flows | Statement of Cash FIOWS 0.0.0.0 cccccecesectectseesteeseeesteeteesteeetessteetteecieeetestieseteettes Geeeiestesciessesteaneeees 6 | | | Notes to the Financial Statements
Notes to the Financial Statements | ccc ecsececesteeeseeteeeteeetteecteestaesciee Glasetesieetesiesttseteseteesess 7-9 | | | Supplemental Information
Supplemental lnformation | | | | | Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission0000:cccceeecees 10
Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission | | | | Report of Independent Registered Public Accounting Firm on Management Exemption Report00c0004 11
Report of lndependent Registered Public Accounting Firm on Management Exemption Report | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | {2}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNITEDISTATES GMB Number: u : 3235-0123 - SECURITIES AND EXCHANGE COMMISSION ear ae Washington, D.C. 20549 Estimated average burden name of Firm: # ANNUAL REPORTS ANNUAL REPORTS SEO FILE WURAGER ## FORM X-17A-5 FORM X-17A-5 8-71088 ### PART III PART Ill # NAM E OF FIRM HIVP Capital, LLC AMP Capital, LLC E Broker-dealer n security-based swap dealer E check here if respondent is also an oTC derivatives dealer [=] Broker-dealer L] Security-based swap dealer LJ Major security-based swap participant C] Check here if respondent is also an OTC derivatives dealer # 1211 W.22nd Street 1211 W. 22nd Street | | | | OMB APPROVAL | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | UNITED STATES
UNITEDISTATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549 | | ear ae
GMB Number: u : 3235-0123 -
OMB NLrmber:3235'0123
Explres:Nov.30,2026
Enlm.ted dverage burden
Estimated average burden
hours per response: l2
hours perresponse:
12 | | | ANNUAL REPORTS
ANNUAL REPORTS | | SEO FILE WURAGER
SEC F]LE NUMBER | | | FORM X-17A-5
FORM X-17A-5 | | 8-71088
8-71088 | | | PART Ill
PART III | | | | | FACING PAGE
FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
lnformation Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | | | | FILING FOR THE PERIOD BEGINNING 2/20/2025
FTLTNG FoR rHE pERroD BEGTNNTN c | 212012025 | AND ENDING | AND ENDTNG 1213112025
12/31/2025 | | | MM/DD/YY
MM/DD/YY | | MM/DD/YY
MM/DD/YY | | | A. REGISTRANT IDENTIFICATION
A. REGISTRANT IDENTIFICATION | | | | AMP Capital, LLC
HIVP Capital, LLC
name of Firm:
NAM E OF FIRM | | | | | TYPE OF REGISTRANT (check all applicable boxes):
TYPE OF REGISTRANT (check all applicable boxes):
E Broker-dealer n security-based swap dealer
[=] Broker-dealer
E check here if respondent is also an oTC derivatives dealer
C] Check here if respondent is also an OTC derivatives dealer | L] Security-based swap dealer | | n Major security-based swap participant
LJ Major security-based swap participant | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | 1211 W.22nd Street
W. 22nd Street
1211 | | | | | | (No. and Street)
(No. and Street) | | | | Oakbrook
Oakbrook | IL
IL | | 60523
60523 | | icity)
(City) | (state)
(State) | | (Zip Code)
(Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING
PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Richard Amsberry 214-360-9822
Richard Amsberry | 214-360-9822 | | rickamsberry@eart
rickamsberry@earl | | (Name)
(Na me) | (Area Code — Telephone Number)
(Area Code -Telephone Number) | | (EmailAddress)
(Email Address) | | | B. ACCOUNTANT IDENTIFICATION
B. ACCOUNTANT I DENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing* | | | | Sanville & Company,
Sanville & Company, LLC | LLC | | | | | (Name - if individual, state last, first, and middle name)
(Name - if individual, state last, flrst, and middle name) | | | | 325 North Saint Paul St. Ste. 3100 Dallas
North Saint Paul St. Ste. 3100
325 | Dallas | TX
TX | 75201
75201 | | (Address)
(Address) | (city)
(City) | (State)
(State) | (zip Code)
(Zip Code) | | 09/18/2003
09t18t2003 | | 169
169 | | | lfa
(Date of
stration with PCAOB
(Date of Registration with PCAOB)(if applicable) | licable | | (PCAOB Registration Number, if applicable)
(PCAOB Registration Number, lf applicab e) | #### FOR OFFICIAL USE ONLY 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. \* 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 {orm are not required to respond unless the Iorm displays a currently valid OMB control number. 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. {3}------------------------------------------------ #### OATH OR AFFIRMATION OATH OR AFFIRMATION | | OATH OR AFFIRMATION
OATH OR AFFIRMATION | |---------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | , Eric Weichko
t, | , swear (or affirm) that, to the best of my knowledge and belief, the
swear (or affirm) that, to the best of my knowledge and belief, the | | to the firm of
linancial report pertaining
financial report pertaining to the firm of | MP Capital, LLC
as of
, as of | | 12t31
12/34
, 2025
as that of a customer.
as that of a customer. | is true and correct. further swear (or affirm) that neither the company nor any
2025 , is true end correct. I furth¤r 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
partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | ifr
seme
tr"^*,"¤-Q !rqb--
Lh | Title: /5 a6 tr"^\*,"¤-Q !rqb- seme Lh ifr Title: YSIS JSRO86 #### This filintt' contains (check all appli¤able boxes): This filing\*\* contains (check all applicable boxes): - El (a) Statementotfinancial condition. m (a) Statement of financial condition. - E (b) Notes to consolidated statement of flnanclal condition. O (b) Notes to consolidated statement of financial condition. - E {c) Statement of income (loss) or, iI there is other comprehensive income in the period(t) presented, a statement of comprehensive income (as defined in 5 210.1-02 of Regulation S-X). mm (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). - El (d) statem¤nt of cash flows. mm (d) Statement of cash flows. - El (e) statement of changes in stockholders'or partners'or sole proprieto/s equity. (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - E {f) Statemert of chantes in liabllitle5 subordinated to claim5 of creditors. C] (f) Statement of changes in liabilities subordinated to claims of creditors. - (g) Notes to consolidated financial statements. m (g) Notes to consolidated financial statements. - = E (h) computation of n¤t capital under 17 cFR 240.15c3-1 or 17 cFR 240.18a-1, as applicable. ml = (h) Computation of net capital under 17 CFR 240,.15c3-1 or 17 CFR 240.18a-1, as applicable. - E (i) Computation of tangible net worth under 17 CFR 240.18a'2. {) (i) Computation of tangible net worth under 17 CFR 240.18a-2. - E (i) Computation for determination of customer reserve requirements pursuant to Exhibi! A to 17 CFR 240,15c3-3. mm (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 240.18a4, as applicable. ( (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. - C (l) Computation for Determination of PAB Requirements under Exhibit Ato 5 240.15c3-3. C) (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - E (m) lnlormatlon relating to poslession or control requir¤ments for customers under 17 CtR 240.15c3-3. f (m) Information relating to possession or contro! requirements for customers under 17 CFR 240,15c3-3. - E (n) lnformation relatint to possession or control requirements for s¤curity-based swap customers under 17 CFR 240.15c3-3(px2) or 17 CFR 240.18a-4, a5 applicable. © (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. - E (o) Reconciliations, includinB appropriate explanations, of the FOCUS Report with computatlon of net capital or tangible net worth under 17 CFR 240.15¤-1, U CFR 240.18a-1, or 17 CFI 240.18a"2, as applicable, and the r¤serve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a4, as applit ble, if material differences exist, or a statem¤nt that no material differences exist. mm (0) 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 240,15¢3-3 or 17 CFR 240.18a-4, as applicable, if materia! differences exist, or a statement that no material differences exist. Other: - E (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. () (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - E (q) Oath or afflrma\$qn ln accordance with 17 CfR 240.17a-5, L7 CFR240.L7a-LZ, or 17 CFR 240.18a-7. as applicable. (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. ( (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - E (s) Exemption report in accordance with 17 CFR 240.17a-5 ot 71 CFR 24O.78a-7 , as applicable. mm (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - E (t) lndependent publlc accountan(s report based on an examination of the statement of financial condition. ( (t) Independent public accountant's report based on an examination of the statement of financial condition. - E (u) lndependent public accountant's report based onan examination of the financial report or financial statements under 1,7 CFR 240.17a-5, 17 CFR 240.18a-7, or 77 CFR24O.1'la-72, as applicable. m (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. - O (v) lnd¤pendent public accountanCs report based on an examination of cenain statemenB in the complianc¤ report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. C) (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. - El (w) lndependent public accountant's report based on a review of the exemption report under 17 CFR 2 40.77a-S ot !7 CFR 240.18a-7, as applicable. mm (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. - E (x) Supplemental reports on applying agreed-upon procedures, in accordanc¤ with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, 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 exist or found to have exlsted since the date of the previous a udlt, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). Cl (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). E (z) other OO (2) '\*To .equest conlldentiot trcqtmeat of ccrtain gortions oJ thi5 liling. see 17 CfR Z4O.77o-5(e)(3) or 17 CFR 24o.180-4rt)(2), as opplicoblc, \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240,180-7(d)(2), as applicable. {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ### Report of lndependent Registered Public Accounting Firm Report of Independent Registered Public Accounting Firm To the Member and Those Charged With Governance HMP Capital, LLC To the Member and Those Charged With Governance HMP Capital, LLC ### Opinion on the Financial Statements Opinion on the Financial Statements We have audited the accompanying statement of financial condition of HMP Capatal, LLC (the Company) as of December 37,2025, the related statements of operations, changes in member's equity, and cash flows lor the period from inception of brokerdealer activilies (Febtuary 20,2025) through Decembet 3I, 2025, and the related notes to the financial slalements (collectively, the financial statements). ln our opinion, the financial statements present Jairly, in all material respects, the financial position of the Company as of December 3L,2025, and lhe results of its operations and its cash flows for the period from inception of broker-dealer activities (February 20, 2025) through December 3L, 2025, in conformity with accounling principles generally accepted in the United S:ates of America. We have audited the accompanying statement of financial condition of HMP Capital, LLC (the Company) as of December 31, 2025, the related statements of operations, changes in member's equity, and cash flows for the period from inception of broker-dealer activities (February 20, 2025) through December 31, 2025, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the period from inception of broker-dealer activities (February 20, 2025) through December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### Basis for Opinion Basis for Opinion These financial statements are the responsibility of the Company's managemenl. Our responsibility is to express an opinion on the Company's financial stalemenls 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 U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company'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 the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audil in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audil to obtain reasonable assurance about whether the financial statements are lree 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 oI 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. 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. 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 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 iinancial 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. 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. #### Supplemental lnformation Supplemental Information The supplementary information contained in Schedule l, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule lll, lnformation Relating to the Possession or Control Requirements The supplementary information contained in Schedule |, Computation of Net Capital Under SEC Rule 15c3-1, Schedule Il, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule Ill, Information Relating to the Possession or Control Requirements > 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {5}------------------------------------------------ Under SEC Rule 15c3-3 has been subjected to audit procedures performed in coniunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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. ln 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. 5 24O.77a-5.ln our opinion, the supplementary information contained in Schedule l, Computation of Net Capital Under SEC Rule 15c3-1, Schedule ll, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule lll, lnformation Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 is fairly stated, in all material respects, in relation to the financial statements as a whole. Under SEC Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company'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. 8 240.17a-5. In our opinion, the supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule Il, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule III, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2024. We have served as the Company's auditor since 2024. Saz-rz&. / &,,,rf"? /JZ Sanville & Company, LLC Dallas, Texas April L4,2026 Sanville & Company, LLC Dallas, Texas April 14, 2026 {6}------------------------------------------------ # HMP Capital,LLL Statement of Financial Condition December 31, 2025 HMP Capital, LLC Statement of Financial Condition December 31, 2025 | Assets
Assets | | | |------------------------------------------------------------------------------|----------|------------------| | Cash
Cash | \$
\$ | 35,000
35,000 | | Prepaid Expenses
Prepaid Expenses | | 1,980
1,980 | | Total Assets
Total Assets | \$
\$ | 36,980
36,980 | | | | | | Liabilities & Member's Equity
Liatrilities & Member's Equify | | | | Liabilities
Liabilities | | | | Accounts Payable & Accrued Expenses
Accor.rnts Payable & Accrued Expenses | | - | | Total Liabilities
Total Liabilities | | - | | Member's Equity
Member's Equity | | | | Member's Equity
Member's Equity | | 36,980
36,980 | | Total Member's Equity
Total Member's Equity | | 36,980
36,980 | | Total Liabilities & Member's Equity
Total Liabilities & Member's Equity | \$
\$ | 36,980
36.980 | The accompanying notes are an integral parl olthese linancial statements. The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # HMP Capital, LLC Statement of Operations For the pcriod from February 20,2025 (Commencement of broker-dealer operations) HMP Capital, LLC Statement of Operations For the period from February 20, 2025 (Commencement of broker-dealer operations) to December 31, 2025 to December 31, 2025 | Revenues
Reven ues | | |------------------------------------------|----------| | 'f otal llcven ues
Total Revenues | - | | Operating Expenses
Operating Expenses | | | Common Area Maintenance | 5,966 | | Common Area Maintenance | 5.966 | | Insurance Expense | 850 | | Insurance Expense | 850 | | Professional Fees | 22,788 | | Prol'essional Fees | 22.788 | | Registration Expenses | 175 | | Registration Expenses | 175 | | Regulatory Fees | ? 170 | | Regulatory Fees | 25319 | | Rent Expense | 24,364 | | Rent Expense | 24,364 | | Total Expenses | \6 5)) | | Total Expenses | 56,522 | | Net loss | (s6,s22) | | Net loss | (56,522) | The accompanying notes are an integral part olthese tlnancial stalements The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ # HMP Capital, LLC HMP Capital, LLC ### Statement of Changes in Member's Equity For the period from February 20,2025 (Commencement of broker-dealer operations) to December 31, 2025 Statement of Changes in Member's Equity For the period from February 20, 2025 (Commencement of broker-dealer operations) to December 31, 2025 | | Total
Total | |----------------------------------------------------------------------|----------------------| | | Member's
Member's | | | Equity
Equity | | Balances at
Balances at | | | February 20, 2025
Fcbruary 20,2025 | 39,246
39.246 | | Non-Cash Contributions
Non-Cash Contributions | 54,256
54.256 | | Loss
Loss | (s6,s22)
(56,522) | | Balances at
Balances at
December 31, 2025
December 31. 2025 | 36,980
36,980 | | | | The accompanying notes are integral part ofthese financial statements. The accompanying notes are integral part of these financial statements. {9}------------------------------------------------ # HMP Capital, LLC HMP Capital, LLC ### Statement of Cash Flows For the period from February 20,2025 (Commencement of broker-dealer operations) to December 31, 2025 Statement of Cash Flows For the period from February 20, 2025 (Commencement of broker-dealer operations) to December 31, 2025 | Cash Flows From Operating Activities:
Cash Flows From Operating Activities: | | |------------------------------------------------------------------------------------------------------|-------------------------------| | Net Income
Net Income | \$
\$ (56,522)
(56,522) | | Adjustments to reconcile net loss to
Adjustments to reconcile net loss to | | | net cash used in operating activities:
net cash used in operating actir ilies: | | | Change in operating assets and liabilities
Change in operating assets and liabilities | | | Non-cash capital contributions
Non-cash capital contributions | 54,256
s4.256 | | (Increase) decrease in prepaid expenses
(lncrease) decrease in prepaid expenses | (1.e34)
(1,934) | | Net cash provided (used) in Operating Activities
Net cash provided (used) in Operating Activities | (4,200)
(4,200) | | Cash Flows From Investing Activities:
Cash Flows From Investing Activities: | | | | | | Net cash provided (used) in Investing Activities
Net cash provided (used) in Investing Activities | - | | Cash Flows From Financing Activities:
Cash Flows From Financing Activities: | | | Capital contributed
Capital contributed | - | | Net cash provided (used) in Financing Activities
Net cash provided (used) in Financing Activities | - | | Net increase in cash and cash equivalents
Net increase in cash and cash equivalents | (4,200)
(4,200) | | Cash at beginning of year
Cash at beginning of year | 39,200
39,200 | | Cash at end of year
Cash at end of year | \$
\$ 35,000
35,000 | ### Supplemental Disclosures of Cash Flow Information: Supplemental Disclosures of Cash Flow Information: Cash paid during the year for: Cash paid during the year for: | Interest
Interest | \$
\$ | - | |------------------------------|----------|---| | Income taxes
Income taxes | \$
\$ | - | The accompanying notes are an integral part ofthese financial slatements. The accompanying notes are an integral part of these financial statements. {10}------------------------------------------------ #### HMP CAPITAL, LLC NOTES TO FINANCIAL STATEMENTS December 31, 2025 HMP CAPITAL, LLC NOTES TO FINANCIAL STATEMENTS December 31, 2025 # NOTI] A NATURE OF BT,ISINESS AND SUMMARY OF ACCOUNTING POLICIES NOTE A — NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES #### C)rganization Organization HMP Capital, LLC (the Company) was formed as a Delaware Limited Liability Company in February 2023. The Company became a registered broker-dealer with the Securities and Exchange Commission (SEC) on February 20,2025, and is a member ofthe Financial lndustry Regulatory Authoriry (F'INRA) and Securities Investor Protection Corporation (SIPC). HMP Capital, LLC (the Company) was formed as a Delaware Limited Liability Company in February 2023. The Company became a registered broker-dealer with the Securities and Exchange Commission (SEC) on February 20, 2025, and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). The Company is considered a Non-Covered Firm exempt from I 7 C.F.R. \$ 240.I 5c3-3 relying on Footnote 74 ofthe SEC Relcase No. 34-'700'73 adopting amendmcnts to l7 C.t'.R. \$240.1 7a-5. The Company is considered a Non-Covered Firm exempt from 17 C.F.R. § 240.15c3-3 relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. §240.1 7a-5. The Company's operations currently consist primarily of engaging in private placements of securities acting as a consultant for mergers and acquisitions. The Company's operations currently consist primarily of engaging in private placements of securities acting as a consultant for mergers and acquisitions. #### Basis of Accountins Basis of Accounting The financial statements of the Company have been prepared on the accrual basis of accounting and accordingly reflect all significant receivables, payables, and other Iiabilities. The financial statements of the Company have been prepared on the accrual basis of accounting and accordingly reflect all significant receivables, payables, and other liabilities. #### Cash and Cash Equivalents Cash and Cash Equivalents The Company considers as cash all shoft-tenn invcstments with an original maturiq- of three months or less to be considered cash and cash equivalents. The Company considers as cash all short-term investments with an original maturity of three months or less to be considered cash and cash equivalents. ## Accounts Receivable - Recognition of Bad Debl Accounts Receivable — Recognition of Bad Debt The Corporation considers accounts receivable to be fully collectible; accordingly, no allowance for doubtful accounts is required. lf amounts become uncollectible, they rvill be charged to operations lvhen that determination is made. The Corporation considers accounts receivable to be fully collectible; accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made. Concentration of Credit Risk # Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. All of the Company's cash and cash equivalents are held at high credit quality financial institutions. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. All of the Company's cash and cash equivalents are held at high credit quality financial institutions. #### Revenue Recosnition Revenue Recognition Revenue from contracts with customers includes commission income and related fees lrom pafiicipation in private placements of equity securities. The recognition and measurement of revenue is based on the assessment ofindividual contract teIms. Significant j udgement is required to detemine whether performance obligations are satisfied at a point in time or over time; ho\\,to allocate transaction prices rvhere multiple performance obligations are identitied; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertai[ future events. Revenue from contracts with customers includes commission income and related fees from participation in private placements of equity securities. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgement is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events. {11}------------------------------------------------ #### HMP CAPITAL, LLC NOTES TO FINANCIAL STATEMENTS December 31, 2025 HMP CAPITAL, LLC NOTES TO FINANCIAL STATEMENTS December 31, 2025 ### NOTE A \_ NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES. continued. NOTE A — NATURE OF BUSINESS AND SUMMARY OF ACCOUNTING POLICIES, continued. 'Ihe Company participates in the private placernent off'erings on behalf of its parent company, HMP Capital Holdings, LLC. Each lime a customer enters into a buy transaction, thc Company charges a commission. Commissions are recognized on the trade date (the date the Company fllls the trade order, receives the customer subscription funding and conflrms the trade with the customer). 1'he Company believes that the perfomance obligation is satisfied on the trade date because that is rvhen the underlying private placement interest is identified, the pricing is agrecd upon- and the risks and rewards of ownership have been transferred to the customcr. l'hese amounts are considered variable consideration as the uncertainty is dependent on the achievement of ceftain levels of investment have been reached as specified in the private placement memorandums" rvhich is highly susceptible to factors outside the Company's influence. Revenues are recognized once it is probable that a significant reversal will not occur. The Company participates in the private placement offerings on behalf of its parent company, HMP Capital Holdings, LLC. Each time a customer enters into a buy transaction, the Company charges a commission. Commissions are recognized on the trade date (the date the Company fills the trade order, receives the customer subscription funding and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying private placement interest is identified, the pricing is agreed upon, and the risks and rewards of ownership have been transferred to the customer. These amounts are considered variable consideration as the uncertainty is dependent on the achievement of certain levels of investment have been reached as specified in the private placement memorandums, which is highly susceptible to factors outside the Company's influence. Revenues are recognized once it is probable that a significant reversal will not occur. #### Income Taxes Income Taxes EfTective February 17,2023, the Company became a sole member limited liability company. Under federal income tax regulations, sole member limited liability companies have their entity disregarded for federal income tax purposes. Therefore, net income or loss is reportable for 1ax purposes by the sole owner. Accordingly, no fbderal income taxes are included in the accompanying financial statements. The member's federal and state income tax retums are subject to examination over various statutes of limitation generally ranging from three to five years. Effective February 17, 2023, the Company became a sole member limited liability company. Under federal income tax regulations, sole member limited liability companies have their entity disregarded for federal income tax purposes. Therefore, net income or loss is reportable for tax purposes by the sole owner. Accordingly, no federal income taxes are included in the accompanying financial statements. The member's federal and state income tax returns are subject to examination over various statutes of limitation generally ranging from three to five years. #### Use of Estimates Use of Estimates The preparation of linancial statements in conformity rvith accounting principles generally accepted in the United States of America requires management to makc estimates and assumptions that af'f'ect the repofted amounts ofassets and Iiabilities and disclosure ofcontingent assets and liabilities at the date of the financial statements and the repofted amounts of revenues and expenses during the reporting period. Actual results could differ from those 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. #### Segment Repo ing Segment Reporting The Accounting Standards Update (ASU) 2023-07 issued by rhe Financial Accounting Standards Board (FASB) introduced enhancemenls to segment reporting requirements fbr public entities, including broker-dealers. The update aimed to improvc the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirernents are eff-ective fbr fiscal years starting atter December 15,2023. The chiefoperating decision maker is the President of the Company and determined that no additional disclosures are required as the Company has only one repoftable segment. The Accounting Standards Update (ASU) 2023-07 issued by the Financial Accounting Standards Board (FASB) introduced enhancements to segment reporting requirements for public entities, including broker-dealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2023. The chief operating decision maker is the President of the Company and determined that no additional disclosures are required as the Company has only one reportable segment. {12}------------------------------------------------ #### HMP CAPITAL. LLC NOTES TO FINANCIAL STATEMENTS December 31,2025 HMP CAPITAL, LLC NOTES TO FINANCIAL STATEMENTS December 31, 2025 # NOI'E B NET C]APII'AL REQIJIREMENI'S NOTE B—NET CAPITAL REQUIREMENTS 'l'he Company is subject to the Securities and l:xchange Commission Uniform Nct Capital Rule (SEC Rule l5c3- l ). rvhich requires the maintenance of minimum net capital and requires the ratio of aggregate indebtedness to net capital, both as deflned, shall not exceed 8 to L As of December 31.2025, The Company had net capital of \$35,000 which was \$30,000 in excess of its required net capital of\$5,000. The Company's net capital ratio was approximately 0 to l. 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 the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 8 to 1. As of December 31, 2025, The Company had net capital of \$35,000 which was \$30,000 in excess of its required net capital of \$5,000. The Company's net capital ratio was approximately 0 to 1. # NOI'E C POSSESSION OR CONTROL REQUIREMENI'S NOTE C — POSSESSION OR CONTROL REQUIREMENTS -fhe Company ( l) did not directly or indirectly receive, hold or otherwise ou,e funds or securities for or to customers, other than money or other consideration rcceived and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule l5c2-4; (2) did not carry accounts of or for cr.lstomers; and (3) did not carry PAB accounts (as defined in Rule l5c3-3), throughout the most recent fiscal year rvithout exception. 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; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. ### NOTE D \_ REI-AI'ED PARTY TRANSACTIONS NOTE D— RELATED PARTY TRANSACTIONS The Company shares office space with its parent, HMP Capital l-loldings, LLC. During the year payments of \$30.330 rvere accrued lor occupancy and various reimbursements. These accruals u,ere forgiven by HMP Capital Holdings, LLC and rvere recognized as additional contributed capital by HMP Capital, LLC. The Company shares office space with its parent, HMP Capital Holdings, LLC. During the year payments of \$30,330 were accrued for occupancy and various reimbursements. These accruals were forgiven by HMP Capital Holdings, LLC and were recognized as additional contributed capital by HMP Capital, LLC. # NOI'E F - COMMITMENTS AND CONTIN(llrNCtES NOTE F—- COMMITMENTS AND CONTINGENCIES 1'he Company does not have any commitments, Suarantees or contingencies. The Company is nol aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. The Company does not have any commitments, guarantees or contingencies. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. # NOTII G GOING CONCERN NOTE G — GOING CONCERN The accompanying financial statements have been prepared assuming the Company will continue as a going concern. which contemplates the realizalion of assets and the satisfaction of liabilities in the normal course of business. The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. 'l'he Company has not generated revenues to date and relies on financial support tiom its parent company to fund operations and meet obligations as thel' come due. This condition raises substantial doubt about the Company's ability to continue as a going concern lbr a period of one year from the date the financial statements are issued. The Company has not generated revenues to date and relies on financial support from its parent company to fund operations and meet obligations as they come due. This condition raises substantial doubt about the Company's ability to continue as a going concern for a period of one year from the date the financial statements are issued. Management has evaluated this uncertainty and plans to continue obtaining financial support from the parent company as needed. However. there can be no assurance that such support rvill be available in the future. Management has evaluated this uncertainty and plans to continue obtaining financial support from the parent company as needed. However, there can be no assurance that such support will be available in the future. {13}------------------------------------------------ ### Schedule I HMP Capital, LLC Supplemental Information Pursuant to Rule 17a-5 December 31, 2025 Schedule I HMP Capital, LLC Supplemental Information Pursuant to Rule 17a-5 December 31, 2025 ## Computation of Net Capital Computation of Net Capital | Total Member's equity qualified for net capital
Total Member's equity qualified lor net capital | \$
\$ | 36,980
36,980 | |------------------------------------------------------------------------------------------------------------|----------|----------------------| | Deductions / charges
Deductions / charges | | | | Non-allowable assets:
Non-allowable assets: | | | | Prepaid Expenses
Prepaid Expenses | | 1,980
1,980 | | Total deductions / charges
Total deductions / charges | | 1,980
1,980 | | Nct Capital before haircuts on securitics positions
Net Capital before haircuts on securities positions | | 35,000
3 5,000 | | Haircuts on securities:
Haircuts on securities: | | | | Money market funds
Money market funds | | | | Net Capital
Net Capital | \$
\$ | 35,000
35,000 | | Aggregate indebtedness
Aggregate indebtedness | | | | Accounts payable & accrued expenses
Accounts payable & accrued expenses | s;
\$ | | | Total aggregate indebtedness
Total aggregate indebtedness | \$
\$ | | | Computation of basic net capital requirement
Computation ofbasic net capital requirement | | | | Minimum net capital required (greater of \$5,000 or
Minimum net capital required (greater of \$5,000 or | | | | 12.5%o of aggregate indebtedness)
12.5% of aggregate indebtedness) | \$
\$ | s,000
5,000 | | Net capital in excess of minimum requirement
Net capital in excess of minimum requirement | \$
\$ | 30,000
30.000 | | Ratio of aggregate indebtedness to net capital
Ratio of aggregate indebtedness to net capital | | 0.0 to 1
0.0 to 1 | | Reconciliation of Computation of Net Capital
Reconciliation of Computation of Net Capital | | | | Net Capital pcr filed l2l31/2025 Focus IIA Repoft
Net Capital per filed 12/31/2025 Focus IIA Report | | 35,000
3 5.000 | | no differences
no differences | | | | Nct Capiral per I 2'3 I '2025 audit
Net Capital per 12/31/2025 audit | | 35,000
35.000 | See accompanying report of independent registered public accounting firm. See accompanying report of independent registered public accounting firm. {14}------------------------------------------------ ![](_page_14_Picture_0.jpeg) #### Report of lndependent Registered Public Accounting Firm Report of Independent Registered Public Accounting Firm To the Member and Those Charged With Governance HMP Capital, LLC To the Member and Those Charged With Governance HMP Capital, LLC We have reviewed the accompanying Exemption Report of HMP Capital, LLC (the Company) as ol and for the fiscal year ended December 31, 2025, in which management asserts that: We have reviewed the accompanying Exemption Report of HMP Capital, LLC (the Company) as of and for the fiscal year ended December 31, 2025, in which management asserts that: 1. The Company did not claam an exemption under any paragraph of L7 C.F.R. S 240.15c3-3(k); 1. The Company did not claim an exemption under any paragraph of 17 C.F.R. § 240.15c3-3(k); 2. The Company is filing this Exemptaon Report in reliance on Footnote 74 of SEC Release No. 34-7OO73 because it limited its securities business activities to (1) advising clients in connection with securilies transactions made with relation to mergers and acquisitions (2) private placements of securities throughout the fiscal year ended December 31, 2025 exclusively to the activities described in that footnote; and 2. The Company is filing this Exemption Report in reliance on Footnote 74 of SEC Release No. 34-70073 because it limited its securities business activities to (1) advising clients in connection with securities transactions made with relation to mergers and acquisitions (2) private placements of securities throughout the fiscal year ended December 31, 2025 exclusively to the activities described in that footnote; and 3. Throughout the fiscal year ended December 31-,2025, the Company: (i) did not receive, hold, or owe funds or securities for or to customers (except amounts received and promptly transmitted in accordance with 17 C.F.R. ! 240.15c2-4(a) or (bX2)); (ii) did not carry accounts ot or tor customers; and (iii) did not carry proprietary accounts of other brokerdealers. 3. Throughout the fiscal year ended December 31, 2025, the Company: (i) did not receive, hold, or owe funds or securities for or to customers (except amounts received and promptly transmitted in accordance with 17 C.F.R. § 240.15c2-4(a) or (b)(2)); (ii) did not carry accounts of or for customers; and (iii) did not carry proprietary accounts of other broker-dealers. 4. The Company met all ol the conditions and requirements of the exemption described above wathoul exception throughout the ,iscal year ended December 3f, 2025. 4. The Company met all of the conditions and requirements of the exemption described above without exception throughout the fiscal year ended December 31, 2025. Management of the Company is responsible for the assertions in the Exemption Report and for compliance with Ihe applicable requirements. Management of the Company is responsible for the assertions in the Exemption Report and for compliance with the applicable requirements. We conducted our review jn accordance with attestation standards established by the Public Company Accounting Oversight Board (United States). A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's assertions. Accordingly, we do not express such an opinion. We conducted our review in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States). A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's assertions. Accordingly, we do not express such an opinion. Based on our review, nothing came to our attention that caused us to believe that management's assertions referred to above are not fairly stated, in all material respects, based on the requirements set fonh in Footnote 74 ol SEC Release No. 34-7OO73 and related provisions of Rule 17a-5. Based on our review, nothing came to our attention that caused us to believe that management's assertions referred to above are not fairly stated, in all material respects, based on the requirements set forth in Footnote 74 of SEC Release No. 34-70073 and related provisions of Rule 17a-5. Saz-,U,..{ er\*, / //) Sanville f° Company, LLC Sanville & Company, LLC Dallas, Texas Aptil L4, 2026 Sanville & Company, LLC Dallas, Texas April 14, 2026 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {15}------------------------------------------------ ### HMP Capital, LLC Exemption Report HMP Capital, LLC Exemption Report HMP Capital, LLC (lhe "Company") is a registered brokerdealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. \$240.17a-5, "Reporc to be made by certain brokerc and dealers"). Thjs Exemption Report was prepared as required by 17 C. F.R. 5240. 1 7a-5(d)(1) and (4 ). To the best of its knowledge and belief, the Company states the folloMng: HMP 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 is considered 'Non-Covered Firm" exempt from 17 C.F.R. S240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) providing refenal seNices - receive commissions and/or referral lees for accounts referred to other broker deales. (1) The Company is considered "Non-Covered Firm" exempt from 17 C.F.R. §240.15c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) providing referral services — receive commissions and/or referral fees for accounts referred to other broker dealers. - (2) The Company ('l) did not directly or indirectly receive, hold or otheMise owe funds or secunties for or to customers, other than money or other consideration received and promptly kansmitted in compliance with paragraph (a) or (bX2) ol Rule 15c2-4; (2) did not carry accounts of or for cuslomers, and (3) did not carry PAB accounts (as defined in Rule '15c3-3), throughout the most recent fiscal year without exception. (2) 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; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. l, Eric Welchko, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct |, Eric Welchko, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, Regards, &o do/('//D Cue Ukehhe :ric Welchko PresidenUManagerlCCO Eric Welchko President/Manager/CCO Date of Report: April 09, 2026 Date of Report: April 09, 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.