Q4 2025 | Arizona Debt, Equity & Venture Capital Insights

Venture CapitalArizona DebtArizona Growth Equity
Written By William & Wall

The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

Arizona - Transaction Value and Count

Reflects ECM, DCM and ROF datasets

Arizona — Overview

Arizona’s capital markets in Q4 2025 reflected sustained institutional engagement and continued maturation across the state’s financing ecosystem, with 70 transactions generating approximately $3.5 billion in disclosed capital across equity, debt, and hybrid instruments. Activity remained balanced between Regulation D private placements, growth-stage venture financings, and sizable public-market transactions, with a pronounced tilt toward larger-cap follow-on equity offerings and corporate debt issuances. Notable activity included Opendoor Technologies’ approximately $1.18 billion capital raise, Taylor Morrison Communities’ $525 million offering, Western Alliance Bancorporation’s $400 million issuance, Store Capital’s $350 million raise, and Ivanhoe Electric’s $172.5 million financing—each underscoring Arizona’s expanding footprint in national capital formation. Sector participation spanned real estate and homebuilding, regional banking, energy transition metals, and technology-enabled platforms, reflecting both cyclical housing recovery dynamics and structural growth themes tied to infrastructure and balance sheet optimization. While transaction count moderated slightly from the prior quarter, aggregate capital raised remained robust, signaling continued access to public and institutional capital for scaled Arizona issuers. Collectively, Q4 demonstrated resilient investor confidence, deeper capital markets sophistication, and the continued integration of Arizona-based companies into the broader U.S. financing landscape.

Arizona — X / Y Plot By Sector: ECM, DCM and ROF (Venture Capital)

Reflects ECM, DCM and ROF datasets

Equity Capital Markets: Monthly Aggregate Transaction Value and Transaction Count

Debt Capital Markets: Monthly Aggregate Transaction Value and Transaction Count

Rounds of Funding (Venture Capital): Monthly Aggregate Transaction Value and Transaction Count

Arizona — Capital Markets Segmentation

Reflects ECM, DCM and ROF datasets

Arizona — Sector Breakdown

Reflects ECM, DCM and ROF datasets

Second Level Primary Industry Breakdown

Reflects ECM, DCM and ROF datasets

Arizona — Capital Markets Deal Summaries

  1. Flora Surfaces Inc. (10/1/25) - ROF - Venture - <5 Yrs

    Flora Coatings, Inc. announced that it will receive $165,000 in funding on September 23, 2025. The company will issue common stock in the transaction. This strategic investment supports the company's initiatives within the specialty chemicals sector.

  2. RacerX ventures (10/1/25) - ROF - Early Stage - Seed

    RacerX ventures successfully announced a ROF - Early Stage - Seed funding round on 10/1/25. This strategic investment supports the company's initiatives within the unclassified sector. The capital will be used to enhance RacerX ventures's market presence and operational scale.

  3. Helia Care, Inc. (10/2/25) - ROF - Early Stage - Seed

    Helia Care, Inc. announced that it will receive $3,502,380 in funding on October 2, 2025. The company will issue 6,000,000 Seed Preferred Stock at an issue price of $0.58373 per share. The transaction was completed according to the terms specified in the formal announcement.

  4. MG NewCo, Inc. (10/2/25) - ROF - Venture - <5 Yrs

    MG NewCo, Inc. announced that it will receive $360,000 in funding on September 23, 2025. The company will issue common stock in the transaction. This strategic investment supports the company's initiatives within the unclassified sector.

  5. Studios on Van Buren Holding, LLC (10/3/25) - ROF - Venture - <5 Yrs

    Studios on Van Buren Holding, LLC announced that it will receive $500,000 in funding on October 3, 2025. The company will issue common stock in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  6. Global Water Resources, Inc. (10/6/25) - ECM - Follow-on

    Global Water Resources, Inc announced that it has completed a private placement and entered into a purchase agreement pursuant to which it issued 1,270,572 shares of the Company’s common stock at a price of $10.3 per share for aggregate gross proceeds of $13,086,891.6 on September 30, 2025. The transaction included participation from Levine Investments LP for 728,197 shares amounting to $7,500,429.1, Andrew M. Cohn for 154,026 shares amounting to $1,586,467.8 and Verde Investments Inc for 388,349 shares for the amount of $3,999,994.7. The company has received $13,086,907 from 3 investors pursuant to exemption provided under Regulation D.

  7. Mindset Medical, Inc. (10/7/25) - ROF - Mature - >7 Yrs

    Mindset Medical, Inc. announced that it has received a round of funding from the new investor, Xcellerant Venture Fund I, a fund managed by, Xcellerant Ventures, LLC on October 7, 2025. The company has issued Convertible Preferred Shares in the transaction. John Shufeldt will join the boards of the company.

  8. ClearChartAI, Inc. (10/8/25) - ROF - Venture - <5 Yrs

    ClearChartAI, Inc. announced that it will receive $500,000 in funding on September 12, 2025. The company will issue convertible preferred stock in the transaction. This strategic investment supports the company's initiatives within the unclassified sector.

  9. Applied Energetics, Inc. (10/9/25) - ECM - Follow-on

    Applied Energetics, Inc announced that it has completed a private placement and issued Common shares at a price of $1.8 and Pre-funded warrants at a price of $1.799 per pre-funded warrant for aggregate gross proceeds of $10,789,999. The pre-funded warrants are exercisable immediately at a price of $0.001 per share. Titan Partners Group acted as financial advisor to the Company in connection with the offering.

  10. Can Monkey LLC (10/9/25) - ROF - Early Stage - Crowdfunding

    CAN MONKEY LLC announced a private placement of minimum of 50,000 simple agreement for future equity and maximum of 1,235,000 simple agreement for future equity at a price of $1 per simple agreement for future equity for minimum gross proceeds of $50,000 and maximum gross proceeds of $1,235,000 on October 9, 2025. The company is raising funding through crowd-funding platform Wefunder Portal LLC. The company will accept oversubscriptions in the transaction.

  11. FreeFall 5G, Inc. (10/10/25) - ROF - Growth - Series 5-7 Yrs

    FreeFall 5G, Inc. announced that it will receive $6,165,000 in funding on October 2, 2024. The company will issue convertible preferred shares in the transaction. This strategic investment supports the company's initiatives within the communications equipment sector.

  12. Gunnison Copper Corp. (10/10/25) - ECM - Follow-on

    Gunnison Copper Corp. announced a non-brokered private placement of 33,333,333 units at a price of CAD 0.45 per unit for gross proceeds of CAD 14,999,999.85 on October 10, 2025. Each unit will consist of one common share and one-half of one common share purchase warrant. This strategic investment supports the company's initiatives within the diversified metals and mining sector.

  13. Gunnison Copper Corp. (10/10/25) - ECM - Follow-on

    Gunnison Copper Corp. announced a non-brokered private placement of 33,333,333 units at a price of CAD 0.45 per unit for gross proceeds of CAD 14,999,999.85 on October 10, 2025. Each unit will consist of one common share and one-half of one common share purchase warrant. This strategic investment supports the company's initiatives within the diversified metals and mining sector.

  14. Revolute Robotics, Inc (10/10/25) - ROF - Venture - <5 Yrs

    Revolute Robotics, Inc announced that it has raised $1.9 million in a round of funding co-led by new investors ANIMO Ventures, and Ascend Venture Group, LLC on October 10, 2025. The transaction included participation from several high-profile angel investors. The company will issue Convertible Preferred Stock in the transaction.

  15. Solentrex Inc. (10/13/25) - ROF - Early Stage - Seed Solentrex Inc. announced that it has received in a round of funding on October 13, 2025. The funding included participation from new investor Chair Capital. This strategic investment supports the company's initiatives within the unclassified sector.

  16. Hydrawav3 LLC (10/14/25) - ROF - Venture - <5 Yrs

    HYDRAWAV3 LLC announced that it has received $200,000 in a private funding from new investor, Partnership For Economic Innovation on October 14, 2025. The company issued convertible preferred stock in the transaction. This strategic investment supports the company's initiatives within the health care equipment sector.

  17. Imagen Celebrating Smiles Support Services, LLC (10/14/25) - ROF - Growth - Series 5-7 Yrs

    Imagen Celebrating Smiles Support Services, LLC announced that it will receive $100,000 in funding on October 1, 2025. The company will issue convertible preferred shares in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  18. King Therapeutics LLC (10/15/25) - ROF - Venture - <5 Yrs

    King Therapeutics LLC announced that it will receive $500,000 in funding on June 11, 2025. The company will issue equity, Option, Warrant or Other Right to Acquire Another Security and Simple Agreement for Future Equity in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  19. RGV Hospital Holdings, LLC (10/15/25) - ROF - Venture - <5 Yrs

    RGV Hospital Holdings, LLC announced that it will receive $10,000,000 in funding on September 30, 2025. The company will issue non-convertible debt in the transaction. The minimum investment accepted from any outside investor is $100,000.

  20. Elgh Balterra 590 Acres LLC (10/16/25) - ROF - Venture - <5 Yrs

    ELGH BALTERRA 590 ACRES LLC announced that it will receive $20,842,500 in funding on October 15, 2025. The company will issue Convertible Preferred Stock in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  21. Ivanhoe Electric Inc. (10/21/25) - ECM - Follow-on

    The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The Offering is expected to close on October 23, 2025, subject to customary closing conditions. The underwriters exercised their option in full to purchase additional 1,500,000 shares on October 27, 2025.

  22. Ivanhoe Electric Inc. (10/21/25) - ECM - Follow-on

    The underwriters an option to purchase up to an additional $18,750,000 of shares of common stock, at the public offering price, less the underwriting discounts and commissions, for 30 days after the date of this prospectus supplement. This strategic investment supports the company's initiatives within the diversified metals and mining sector. The capital will be used to enhance Ivanhoe Electric Inc.'s market presence and operational scale.

  23. PharmaWaste Ventures, LLC (10/22/25) - ROF - Venture - <5

    Yrs PharmaWaste Ventures, LLC announced that it will receive $2,000,000 in funding on October 7, 2025. The company will issue Convertible Preferred Stock in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  24. Liberty Star Uranium & Metals Corp. (10/23/25) - ECM - Convertible

    Liberty Star Uranium & Metals Corp. entered into a securities purchase agreement with returning investor 1800 Diagonal Lending LLC for convertible promissory note in the aggregate principal amount of $70,400 for gross proceeds of $64,000 on October 15, 2025. The note bears interest at 8%, with a 10% original issue discount and matures on July 30, 2026. The transaction was completed according to the terms specified in the formal announcement.

  25. Home Solutions US Corp. (10/24/25) - ROF - Early Stage - Pre-Seed

    Home Solutions US Corp. announced that it has raised $1.1 million in a round of funding co-led by New Stack Limited and Silence VC on October 24, 2025. The transaction included participation from returning investor Lofty Inc. and individual investor Jeo Chen. The company has issued convertible preferred stock in the transaction.

  26. Advanced Movement Insights, Inc. (10/28/25) - ROF - Venture - <5 Yrs

    Advanced Movement Insights, Inc. announced that it will receive $2,000,000 in funding on October 15, 2025. The company will issue SAFE securities in the transaction. This strategic investment supports the company's initiatives within the health care equipment sector.

  27. AppsFreedom, Inc. (10/29/25) - ROF - Debt - Convertible

    AppsFreedom, Inc., announced that it will receive $380,000 in funding on August 1, 2025. The company will issue convertible debt and option, warrant or other right to acquire another security in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.

  28. Tempe Life Care Village, Inc. (10/29/25) - ROF - Debt - Non-Convertible

    Tempe Life Care Village, Inc. successfully announced a ROF - Debt - Non-Convertible funding round on 10/29/25. This strategic investment supports the company's initiatives within the health care facilities sector. The capital will be used to enhance Tempe Life Care Village, Inc.'s market presence and operational scale.

  29. OSN Technologies Corp. (10/30/25) - ROF - Venture - <5 Yrs

    OSN Technologies Corp. announced that it will receive $999,578 in funding on October 17, 2025. The company will issue Convertible Preferred Stock in the transaction. This strategic investment supports the company's initiatives within the specialized consumer services sector.

  30. Gut-Brain-Axis Therapeutics Inc. (10/31/25) - ROF - Venture - Series A

    Gut-Brain-Axis Therapeutics Inc. announced that it will issue 3,691,982 Series A Preferred Stock at an issue price of $5.41714 per share for gross proceeds of $19,999,983.37. The company also issued 1,988,098 Series A-1 Preferred Stock for aggregate gross proceeds of $28,615,843.44 on October 31, 2025. The shares will be convertible into common shares at their original issue prices per share.

  31. Primer Global, Inc. (11/3/25) - ROF - Venture - Series A

    Primer Global, Inc. announced that it will issue 149,176 series A-1 preferred stock at an issue price of $14.69760 per share. The company also issued 336,699 series A-2 preferred stock at an issue price of $15.59312 per share for an aggregate of $7,442,717. The preferred shares are convertible to common shares and carry a cumulative fixed dividend rate of 4%.

  32. Taylor Morrison Communities, Inc. (11/3/25) - DCM - Non-convertible Debt

    The Senior Notes will be unsecured and guaranteed on a senior unsecured basis by the same subsidiaries of TMHC that guarantee existing senior unsecured notes. The company had commenced a concurrent cash tender offer for any and all of its outstanding 2027 Notes. Interest on the notes is payable semi-annually starting May 15, 2026.

  33. ViiT Health Inc (11/3/25) - ROF - Early Stage - Crowdfunding

    Viit Health Inc announced a private placement of Simple Agreement for Future Equity (SAFE) securities for maximum gross proceeds of $618,000 on November 3, 2025. The company is raising funding through crowd-funding platform Wefunder Portal LLC under Regulation C. The securities are subject to restrictions and cannot be transferred for one year.

  34. NantDome, Inc. (11/4/25) - ROF - Venture - Series A

    NantDome, Inc. announced that it will issue 7,500,000 series A preferred shares at an issue price of $2.6667 per share for gross proceeds of $20,000,250. The shares are convertible, non-redeemable, and were issued pursuant to exemption provided under Regulation D. The round will be raised at a post-money valuation of zero dollars.

  35. Route1 Inc. (11/4/25) - ECM - Follow-on

    Route1 Inc announced a non brokered private placement to issue 6,666,666 units at an issue price of CAD 0.075 for total proceeds of CAD 499,999.95. Each unit consists of one common share and one common share purchase warrant exercisable for 18 months. The offering is expected to close in multiple tranches, with the first closing anticipated in November 2025.

  36. ARC Group Securities Acquisition I (11/6/25) - ECM - IPO

    Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant. The company intends to apply to have units listed on The Nasdaq Global Market under the symbol FJDIU. Once separate trading begins, the shares and warrants will list under the symbols FJDI and FJDIW.

  37. ARC Group Securities Acquisition II (11/6/25) - ECM - IPO

    Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. The company intends to apply to have units listed on The Nasdaq Global Market under the symbol FDARU.

  38. Opendoor Technologies Inc. (11/6/25) - ECM - Follow-on

    The company expects to deliver the shares of common stock to purchasers on or about November 13, 2025. This strategic investment supports the company's initiatives within the real estate services sector. The capital will be used to enhance Opendoor Technologies Inc.'s market presence and operational scale.

  39. Elect Nano, LLC (11/7/25) - ROF - Mature - >7 Yrs

    Elect Nano, LLC announced that it will receive $25,000,000 in funding on November 7, 2025. The company will issue Convertible Preferred Stock and options or warrants in the transaction. The securities were issued pursuant to exemption provided under Regulation D.

  40. Neuro-Vascular Research & Design Corp (11/7/25) - ROF - Debt - Non-Convertible

    Neuro-Vascular Research & Design Corp announced that it will receive $1,500,000 in funding on November 1, 2025. The company will issue non convertible debt in the transaction under Regulation D. As of November 7, 2025, the company received $200,000 in its first tranche from one investor.

  41. Pervaporation Science Inc. (11/7/25) - ROF - Venture - <5 Yrs

    Pervaporation Science Inc. announced that it will receive $200 in funding on November 6, 2025. The company will issue convertible preferred stock in the transaction with a minimum accepted investment of $100. This strategic investment supports the company's initiatives within the specialty chemicals sector.

  42. RAYVA INC (11/7/25) - ROF - Early Stage - Seed

    RAYVA INC successfully announced a ROF - Early Stage - Seed funding round on 11/7/25. This strategic investment supports the company's initiatives within the unclassified sector. The capital will be used to enhance RAYVA INC's market presence and operational scale.

  43. TILT Holdings Inc. (11/7/25) - ROF - Debt - Non-Convertible

    TILT Holdings Inc. entered into a secured notes purchase agreement for an aggregate principal amount of up to $2,000,000 on November 3, 2025. The transaction included participation from new lenders such as MAK ONE and RHC 3 alongside returning lenders. Jordan Geotas acted as the noteholder representative on behalf of the purchasers.

  44. AZJAH34 LLC (11/12/25) - ROF - Venture - <5 Yrs

    AZJAH34 LLC announced that it will receive $400,644 in funding on August 18, 2025. The company will issue common shares in the transaction with a minimum accepted investment of $50,000. This strategic investment supports the company's initiatives within the unclassified sector.

  45. Centuri Holdings, Inc. (11/12/25) - ECM - Follow-on

    The underwriters have a 30-day option to purchase up to an additional 1,116,279 shares offered in the follow-on. The company agreed to sell an aggregate of approximately $75 million of shares to Icahn investors in a concurrent private placement. The offering was expected to close on November 14, 2025.

  46. Oak Creek Capital, LLC/OK (11/12/25) - ROF - Venture - <5 Yrs

    Oak Creek Capital, LLC/OK announced that it will receive $2,500,000 in funding on November 12, 2025. The company will issue common stock in the transaction under Regulation D. This strategic investment supports the company's initiatives within the unclassified sector.

  47. Saxon Capital Group, Inc. (11/12/25) - ECM - Follow-on

    Saxon Capital Group, Inc. announced a private placement of common shares and warrants for gross proceeds of $100,000 on August 7, 2025. The transaction includes participation from two investors. This strategic investment supports the company's initiatives within the construction and engineering sector.

  48. OneAZ Credit Union (11/14/25) - ROF - Debt - Non-Convertible

    OneAZ Credit Union announced that it will receive $65,000,000 in funding on October 31, 2025. The company will issue non convertible debt in the transaction with a minimum accepted investment of $100,000. This strategic investment supports the company's initiatives within the thrifts and mortgage finance sector.

  49. ISC Physician Holdings, LLC (11/19/25) - ROF - Venture - <5 Yrs

    ISC Physician Holdings, LLC announced that it will receive $3,000,000 in funding on October 16, 2025. The company will issue convertible preferred stock in the transaction under Regulation D. This strategic investment supports the company's initiatives within the unclassified sector.

  50. Cray Pay, Inc. (11/20/25) - ROF - Mature - >7 Yrs

    IONIA, INC. (Cray Pay) announced that it will receive $5,000,010 in funding on November 5, 2025. The company will issue Convertible Preferred Stock and Preferred Warrants in the transaction. This strategic investment supports the company's initiatives within the application software sector.

  51. HidroKlear, LLC (11/20/25) - ROF - Early Stage - Crowdfunding

    Hidroklear LLC announced a private placement of non-convertible debt security for maximum gross proceeds of $100,000. The company is raising funding through crowd-funding platform Honeycomb Portal LLC under Regulation C. This strategic investment supports the company's initiatives within the unclassified sector.

  52. The Alkaline Water Company Inc. (11/20/25) - ECM - Follow-on

    The minimum number of shares to be sold in this offering is one hundred thousand shares of common stock. Patrick Morris is acting as legal counsel to the company for the transaction. The company's common stock is quoted on the OTC ID tier operated by OTC Markets Group.

  53. EKKL LLC (11/21/25) - ROF - Venture - <5 Yrs

    EKKL LLC announced that it will receive $30,000,000 in funding on November 12, 2025. The company will issue common stock in the transaction under Regulation D. This strategic investment supports the company's initiatives within the unclassified sector.

  54. Dfnd Industries, Inc (11/25/25) - ROF - Venture - <5 Yrs

    Dfnd Industries, Inc announced that it will receive $200,000 in funding on November 10, 2025. The company will issue equity in the transaction under Regulation D. This strategic investment supports the company's initiatives within the unclassified sector.

  55. NantNova, Inc. (11/26/25) - ROF - Venture - Series A

    NantNova, Inc. announced that it will issue 3,000,000 series A preferred shares at an issue price of $5 per share for gross proceeds of $15,000,000. The shares are convertible and non-redeemable. This strategic investment supports the company's initiatives within the biotechnology sector.

  56. Picard Medical, Inc. (11/26/25) - ROF - Debt - Non-Convertible

    Picard Medical, Inc. entered into a short-term bridge financing in the form of an unsecured promissory note for $1,000,000. The transaction included participation from new lender Fang Family Fund, LLC. This strategic investment supports the company's initiatives within the health care equipment sector.

  57. SR Smyrna Investco, LLC (11/26/25) - ROF - Venture - <5 Yrs

    SR Smyrna Investco, LLC announced that it will receive $34,000,000 in funding on November 14, 2025. The company will issue convertible Preferred Stock in the transaction under Regulation D. This strategic investment supports the company's initiatives within the real estate operating companies sector.

  58. Village Square Owner Llc (11/26/25) - ROF - Venture - <5 Yrs

    Village Square Owner LLC announced that it will receive $7,000,000 in funding on November 14, 2025. The company will issue convertible preferred shares in the transaction under Regulation D. This strategic investment supports the company's initiatives within the real estate development sector.

  59. Liberty Star Uranium & Metals Corp. (12/2/25) - ECM - Convertible

    Liberty Star Uranium & Metals Corp. issued a convertible promissory note to 1800 Diagonal Lending LLC in the principal amount of $70,400. The note bears interest at 8% with a 10% original issue discount and matures on September 15, 2026. This strategic investment supports the company's initiatives within the diversified metals and mining sector.

  60. Quantum Space Fund, LLC (12/5/25) - ROF - Early Stage - Crowdfunding

    Quantum Space Fund, LLC announced it will issue up to 1,500,000 best effort Class C membership units at $50 per unit. The company is raising up to $75,000,000 under the exemption provided by Regulation A. The minimum investment amount per investor is fifty dollars in exchange for one unit.

  61. Cloverleaf Networks, LLC (12/9/25) - ROF - Mature - >7 Yrs

    Cloverleaf Networks, LLC received a round of funding from new investor Super K Ventures on December 9, 2025. The company issued convertible preferred shares as part of the transaction. This strategic investment supports the company's initiatives within the telecommunication services sector.

  62. Western Alliance Bancorporation (12/9/25) - DCM - Non-convertible Debt

    The proceeds from this issuance amounted to $397.2 million after discounts and commissions. Interest on the notes will be payable semi-annually based on the pricing terms. The formal issue date for the bonds was set for November 24, 2025.

  63. Snapfine Inc. (12/15/25) - ROF - Early Stage - Seed

    Snapfine Inc. successfully announced a ROF - Early Stage - Seed funding round on 12/15/25. This strategic investment supports the company's initiatives within the unclassified sector. The capital will be used to enhance Snapfine Inc.'s market presence and operational scale.

  64. Enhanced Ultrasound Inc (12/16/25) - ROF - Venture - <5 Yrs

    Enhanced Ultrasound Inc announced that it will receive $2,500,000 in funding on December 16, 2025. The company will issue Convertible Preferred Stock in the transaction with a minimum accepted investment of $20,000. This strategic investment supports the company's initiatives within the health care equipment sector.

  65. RPM-One Inc. (12/18/25) - ROF - Venture - <5 Yrs RPM-One Inc. raised $15 million in a round of funding led by new investor Vitalis Ventures on December 17, 2025. The transaction included participation from new investor Inside Capital Partners. This strategic investment supports the company's initiatives within the unclassified sector.

  66. Store Capital LLC (12/18/25) - DCM - Non-convertible Debt

    The company is offering to exchange up to $350 million aggregate principal amount of registered 5.400% Senior Notes due 2030. These new notes are being exchanged for any and all unregistered senior notes originally issued in March 2025. This transaction was completed according to the terms specified in the formal exchange offer.

  67. Silverton Financial Llc (12/19/25) - ROF - Debt - Convertible

    Silverton Financial LLC announced that it will receive funding through the issuance of convertible preferred stock. The transaction included a minimum accepted investment from any outside investor of $25,000. This strategic investment supports the company's initiatives within the consumer finance sector.

  68. LASTpatient Inc. (12/22/25) - ROF - Venture - <5 Yrs

    LASTpatient Inc. announced that it will receive $150,000 in funding on November 12, 2025. The company will issue equity and debt in the transaction to support its operations. This strategic investment supports the company's initiatives within the health care technology sector.

  69. Toms River Self Storage Partners, LLC (12/22/25) - ROF - Debt - Non-Convertible

    Toms River Self Storage Partners, LLC announced that it will receive $2,500,000 in funding on December 18, 2025. The company will issue non convertible debt in the transaction under Regulation D. As of December 22, the company received $500,000 in its first tranche from two investors.

  70. Picard Medical, Inc. (12/24/25) - ROF - Debt - Non-Convertible

    Picard Medical, Inc. entered into a definitive agreement for up to $50 million in senior secured notes due 2028. The company issued an initial $15.0 million in notes at closing with warrants to purchase common stock. WestPark Capital Inc. served as the sole placement agent for the transaction.

Capital Markets Segmentation — Glossary:

Equity Capital Markets

  • Follow-on: A public issuance of additional shares by a listed company to raise capital.

  • Convertible: Issuing equity-linked securities that can convert into common shares, blending debt and equity.

Debt Capital Markets

  • Non-convertible Debt: Fixed-income securities issued to raise capital, without equity conversion.

  • Preferred Equity: Shares with fixed dividends and priority over common equity, without conversion.

Rounds of Funding

  • Early Stage - Pre-Seed: Early startup investment for ideation or initial setup.

  • Early Stage - Crowdfunding: Raising small capital amounts from many investors via online platforms.

  • Early Stage - Seed: Initial startup investment for product development or market entry.

  • Venture - <5 Yrs: Early-stage investment in startups less than five years old for growth.

  • Mature - >7 Yrs: Capital raised by established companies over seven years old for expansion.

  • Debt - Convertible: Private debt that converts to equity, often for startups.

  • Debt - Non-Convertible: Private debt financing that doesn’t convert to equity, funding operations.

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