# GLOBACAP PRIVATE MARKETS INC. X-17A-5 (2026-04-13) — Broker-dealer annual report - Company: GLOBACAP PRIVATE MARKETS INC. - Form: X-17A-5 - Filed: 2026-04-13 - Period: 2025-12-31 - Accession: 0002000463-26-000004 - CIK: 2000463 - File #: 8-71181 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Company, LLC - Auditor location: Dallas, TX - Contact: Andrew Pedvis - Phone: 646-479-6743 - Signed by: Andrew Pedvis (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/2000463/000200046326000004/GPMPublic25.pdf --- {0}------------------------------------------------ ## **FINANCIAL STATEMENT AND REPORT OF INDEPENDENT REGISTERERED PUBLIC ACCOUNTING FIRM** **Pursuant to Rule 17a-5(d) of the Securities and Exchange Commission** **December 31, 2025** {1}------------------------------------------------ | UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM X-17A-5 | | SEC FILE MUMBER | | | | | PART III | | 8-71181 | | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934
FILING FOR THE PERIOD BEGINNING | FACING PAGE
01/01/25
MM/LO/YY | AND ENDING | | | | | A. REGISTRANT IDENTIFICATION | | MM/DO/YY | | | Globacap Private Markets Inc.
NAME OF FIRM: | | | | | | ADDRESS CF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)
12 E 49th St., 11th Floor | | | | | | | (No. and Street) | | | | | New York | NY | | 10017 | | | (City) | State) | | (Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | Andrew Pedvis | 646-479-6743 | | lango und drage grouped ward ward is | | | Name) | (Area Code = Telephone Number)
(Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Sanville & Company, LLC | (Name - if individual, state last, first, and middle name) | | | | | 325 North Saint Paul St., Suite 3100 | Dallas | IX | 75201 | | | (Address)
09/18/20C3 | (City) | (State) | (Zip Code) | | | (Date of Registration with PCAOB)(if applicable) | | 169 | | | | | FOR OFFICIAL USE ONLY | | PCAOB Registration Number, 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. Son 17
CFR 240.17a 5(e)(1)(il), 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. | | | | | {2}------------------------------------------------ ## OATH OR AFFIRMATION | | swear (or affirm) that, to the best of my knewledge and belief, the
financial report pertaining to the firm of Globacap Private Markets Inc.
December 31
---------- 35 Of | |--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 2 025 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. | | | | | | Signature: | | | litle: | | | CEG | | | 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 income in the period(s) presented, a satement of
comprehensive income (as defined in § 210.1-02 of Regulation S-X). | | | (d) Statement of cash flows. | | 日 | (e) Statement of changes in stockholders' or partners' or scle proprietor's equity. | | 13 | (f) Statement of changes in liabilities subordinated to claims of creditors. | | 0
a | (g) Notes to consolidated financial statements. | | 1 | (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | नि | (i) Computation of tangible net worth under 17 CFR 240.18a-2. | | 1 | (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 ur der Exhibit A to 9 240.15c3-3. | | | (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. | | | (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR
240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | | | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net
worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17
CFR 240.15c2-3 or 17 CFR 240.10a-4, as applicable; if material differences exist, or a statement that no naterial differences | | | exist. | | | (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. | | | [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. | | | | | | [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) Independert public accountant's report based on a review of the exemption report under 17 CFR 24017a-5 or 17
CFR 240.18a-7, as applicable. | | | (x) >upplemental 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 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; | {3}------------------------------------------------ ## **TABLE OF CONTENTS** | | Page No. | |---------------------------------------------------------|----------| | REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | | FINANCIAL STATEMENT | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 - 5 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### Report of Independent Registered Public Accounting Firm To the Stockholder and Those Charged With Governance Globacap Private Markets Inc. #### Opinion on the Statement of Financial Condition We have audited the accompanying statement of financial condition of Globacap Private Markets Inc. (the Company) as of December 31, 2025, and the related notes (collectively, the statement of financial condition). 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 statement of financial condition is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's statement of financial condition 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 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 statement of financial condition 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 financial condition, 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 statement of financial condition. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the statement of financial condition. We believe that our audit provides a reasonable basis for our opinion. We have served as the Company's auditor since 2025. Sanville & Company, Sanville & Company, LLC Dallas, Texas April 10, 2026 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 {5}------------------------------------------------ ## **STATEMENT OF FINANCIAL CONDITION December 31, 2025** ## **ASSETS** | Cash | \$
167,707 | |------------------------------------------|---------------| | Due from affiliate | 29,885 | | Prepaid expenses | 22,106 | | Total assets | \$
219,698 | | LIABILITIES AND STOCKHOLDER EQUITY | | | Accounts payable and accrued expenses | \$
82,596 | | Due to affiliate | 2,144 | | Total liabilities | 84,740 | | Paid-in-capital | 915,010 | | Accumulated deficit | (399,385) | | Net loss | (380,667) | | Total stockholder equity | 134,958 | | Total liabilities and stockholder equity | \$
219,698 | {6}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENT December 31, 2025 (See Report of Independent Registered Public Accounting Firm)** ### Note 1 **Organization and nature of business** Globacap Private Markets Inc. (the "Company") was established in 2023 and is a Delaware corporation. The Company is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The Company is approved by FINRA to operate an Alternative Trading System ("ATS") and to act as a placement agent for private placement securities. On October 9, 2025, the Company's parent company entered into a Purchase Agreement with Apex US Holdings LLC (Apex) to sell all of the shares of the Company to Apex. The transaction received FINRA approval under Rule 1017 application on January 20, 2026. #### Note 2 **Summary of significant accounting policies** #### **Allowance for credit losses** In June 2016, the FASB issued guidance (FASB ASC 326) which significantly changed how entities will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The most significant change in this standard is a shift from the incurred loss model to the expected loss model. Under the standard, disclosures are required to provide users of the financial statements with useful information in analyzing an entity's exposure to credit risk and the measurement of credit losses. Financial assets held by the Company that are subject to the guidance in FASB ASC 326 were trade accounts. #### **Segment reporting** In June 2016, the FASB issued guidance (FASB ASC 326) which significantly changed how entities will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The most significant change in this standard is a shift from the incurred loss model to the expected loss model. Under the standard, disclosures are required to provide users of the financial statements with useful information in analyzing an entity's exposure to credit risk and the measurement of credit losses. Financial assets held by the Company that are subject to the guidance in FASB ASC 326 were trade accounts #### **Basis of presentation** The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). ### **Advertising** The Company expenses the cost of advertising as it is incurred. Advertising expense amounted to \$0 for the year ended December 31, 2025. {7}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENT December 31, 2025 (See Report of Independent Registered Public Accounting Firm)** ## Note 2 **Summary of significant accounting policies (continued)** ### **Accounts receivable** The Company carries its accounts receivable at costs less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its receivables and establishes an allowance for doubtful accounts based on history of past write-offs, collections and current credit conditions. As of December 31, 2025, no allowance for credit losses was necessary ## **Revenue recognition** The Company adopted 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 Company had no revenues from ATS or acting as a placement agent for private securities for the year ended December 31, 2025. Account receivable at December 31, 2025 are \$0. There are no contract assets or liabilities as of December 31, 2025. #### **Income taxes** The Company accounts for its income taxes using the Financial Accounting Standards Board Accounting Standards Codification 740, Income Taxes, which requires the establishment of a deferred tax asset or liability for the recognition of the future deductible or taxable amounts and operating loss and tax credit carry forwards. Deferred tax expenses or benefits are recognized as a result of the changes in the assets and liabilities during the year. ### **Fair value of financial instruments** The carrying amounts of financial instruments, including cash, prepaid expenses, deposits, and accounts payable and accrued expenses, approximates fair value due to the short term maturities of these assets and liabilities. ### **Use of estimates** Management uses estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. {8}------------------------------------------------ ## **NOTES TO FINANCIAL STATEMENT December 31, 2025 (See Report of Independent Registered Public Accounting Firm)** #### Note 3 **Net capital requirements** The Company is subject to the Securities and Exchange Commission's Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of a minimum net capital balance and requires that the Company's aggregate indebtedness to net capital, as defined, shall not exceed 15 to 1. At December 31, 2025 the Company's net capital was \$82,966 which was \$77,317 in excess of its required net capital of \$5,649. The Company's aggregate indebtedness to net capital was 1.02 to 1. #### Note 4 **Related party transactions** The Company shares employees and technology services with its Parent under an expense sharing agreement. For the year ended December 31, 2025, the Company incurred expenses of \$66,048 related to this agreement. At December 31, 2025, the Company owed its Parent \$2,144, as shown on the Statement of financial condition as due to affiliate. #### Note 5 **Commitments and Contingencies** The Company does not have any commitments, guarantees or contingencies including arbitration or other litigation claims that may result in a loss or future obligation. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. ### Note 6 **Subsequent events** In accordance with FASB Accounting Standards Codification 855, Subsequent Events, the Company has evaluated subsequent events to the Statement of Financial Position date of December 31, 2025 through April 10, 2026, which is the date the financial statements were issued. Management has determined that there are no subsequent events that require disclosure, except for the following: > On January 20, 2026, the Company received FINRA approval under FINRA Rule 1017 for the ownership change Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.