Wasatch Venture Fund III License Surrendered
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Small Business Administration has announced that the license of Wasatch Venture Fund III, LLC, to operate as a Small Business Investment Company, is no longer valid. This affects stakeholders of the Wasatch Venture Fund III, as it can no longer function as a licensed business investment entity.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Nullification of Wasatch Venture Fund III's license.
- Termination of operations as a Small Business Investment Company.
- Stakeholders need to reassess their positions and compliance with new status.
Obligations
What this law requires
Wasatch Venture Fund III, LLC must cease all operations as a small business investment company due to the revocation of its license.
Wasatch Venture Fund III, LLC must cease all operations as a Small Business Investment Company immediately due to the revocation of their license.
Investors and businesses linked to Wasatch Venture Fund III, LLC must adjust their investment strategies and operations in light of the company's license revocation.
All stakeholders of Wasatch Venture Fund III, LLC must be informed that the company can no longer operate legally as a Small Business Investment Company.