Form D filings, December 31, 2025: 128 companies raised $6.20 billion

Name: Form D filings, December 31, 2025: 128 companies raised $6.20 billion
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

128 operating companies filed a Form D on December 31, 2025, reporting $6.20 billion sold. Largest: Databricks, Inc. ($4.08 billion), PACIFIC LIFE INSURANCE CO ($252.8 million), PACIFIC LIFE INSURANCE CO ($179.4 million). The median filing is $4.8 million, and 148 pooled investment funds also filed that day.

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128Form D filings
$6.20 billionreported sold
$4.8 millionmedian amount sold
CAmost filings (41)

Most filings by state: CA 41, NY 11, TX 8, AR 7, IL 7. By industry: Insurance 30, Other 23, Other Technology 17, Other Real Estate 12.

Every company that filed, largest first

Company	Industry	City	State	Amount sold	Offering	Investors	Filed	Filing
Databricks, Inc.	Other Technology	San Francisco	CA	$4,082,050,250	$5,000,000,000	153	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$252,810,301	Indefinite	101	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$179,441,784	Indefinite	32	Dec 31	sec.gov
Rio2 Ltd	Other	Vancouver		$136,521,675	$136,521,675	60	Dec 31	sec.gov
Hadrian Automation, Inc.	Other	Torrance	CA	$131,307,594	$151,307,588	39	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$130,638,414	Indefinite	58	Dec 31	sec.gov
Iris Holdings L.P. (amended)	Other	Grand Cayman		$130,546,815	Indefinite	62	Dec 31	sec.gov
Bridge Partners Fund IV, LP	Residential	Walnut Creek	CA	$86,470,000	$190,000,000	137	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$80,339,279	Indefinite	34	Dec 31	sec.gov
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO (amended)	Insurance	Bloomington	IL	$80,104,500	Indefinite	2177	Dec 31	sec.gov
Inland Oklahoma Student Housing DST (amended)	Other Real Estate	Oak Brook	IL	$59,359,709	$83,854,192	100	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$46,955,280	Indefinite	15	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$43,408,840	Indefinite	3	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$41,668,942	Indefinite	14	Dec 31	sec.gov
Rembrand, Inc	Other Technology	Palo Alto	CA	$37,500,000	$37,500,000	87	Dec 31	sec.gov
Jack Rock Coal Opportunity Fund, L.P.	Other Real Estate	Atlanta	GA	$36,141,471	$36,320,000	376	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$30,246,300	Indefinite	15	Dec 31	sec.gov
Frontier Network Inc (amended)	Hospitals and Physicians	Harlingen	TX	$28,902,519	$28,902,519	13	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$28,419,204	Indefinite	14	Dec 31	sec.gov
Phoenix MSA, LLC	Other Real Estate	Phoenix	AZ	$27,510,000	$35,000,000	32	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$26,919,887	Indefinite	12	Dec 31	sec.gov
Nuburu, Inc.	Other Technology	Denver	CO	$23,250,000	$23,250,000	1	Dec 31	sec.gov
Databricks, Inc.	Other Technology	San Francisco	CA	$23,017,200	$23,017,200	15	Dec 31	sec.gov
LM Windward Chase TIC1 LLC	Commercial	New York	NY	$22,680,000	$22,680,000	38	Dec 31	sec.gov
OIHJV Portfolio Investors Parallel, L.P.	Commercial	Bethesda	MD	$22,013,134	$28,386,643	81	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$21,497,435	Indefinite	2	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$19,433,741	Indefinite	20	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$17,951,111	Indefinite	32	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$17,756,115	Indefinite	7	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$16,769,706	Indefinite	12	Dec 31	sec.gov
Flywheel Exchange Inc.	Other Technology	Minneapolis	MN	$16,386,648	$27,449,652	40	Dec 31	sec.gov
Eat Evergreen Inc.	Other	Glencoe	IL	$15,210,742	$15,210,742	11	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$13,690,000	Indefinite	1	Dec 31	sec.gov
3LP Dousman MM LLC	Other Real Estate	Milwaukee	WI	$13,535,000	$18,253,500	24	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$12,766,700	Indefinite	1	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$12,493,106	Indefinite	4	Dec 31	sec.gov
Dade Investor, LLC (amended)	Other Real Estate	West Conshohocken	PA	$12,388,718	$24,000,000	10	Dec 31	sec.gov
Digital Biotechnologies, Inc.	Biotechnology	Seattle	WA	$12,274,922	$14,999,998	61	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$10,496,969	Indefinite	4	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$9,139,207	Indefinite	2	Dec 31	sec.gov
Scenic Hill Solar LXII, LLC	Other Energy	Little Rock	AR	$8,882,444	$8,882,444	1	Dec 31	sec.gov
Sandstone Pointe TH Investment LLC (amended)	Residential	Green Bay	WI	$8,835,000	$15,100,000	21	Dec 31	sec.gov
Collins FMT, Inc (amended)	Other Technology	New York	NY	$7,885,000	Indefinite	27	Dec 31	sec.gov
Scenic Hill Solar LXI, LLC	Other Energy	Little Rock	AR	$7,832,555	$7,832,555	1	Dec 31	sec.gov
ORTSAC QUAD VENTURA POINTE INVESTORS, LLC	Commercial	Fort Lauderdale	FL	$7,550,000	$7,550,000	22	Dec 31	sec.gov
83Bar, Inc.	Other Health Care	Austin	TX	$7,500,000	$9,000,000	15	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO	Insurance	Newport Beach	CA	$7,339,343	Indefinite	2	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$6,696,400	Indefinite	6	Dec 31	sec.gov
OIHJV Portfolio Investors, L.P.	Commercial	Bethesda	MD	$6,373,509	$28,386,643	44	Dec 31	sec.gov
Velocis Maple Grove BTR DST (amended)	Other Real Estate	Dallas	TX	$5,667,537	$11,310,634	18	Dec 31	sec.gov
Alume Biosciences Inc (amended)	Biotechnology	La Jolla	CA	$5,316,105	$23,499,998	62	Dec 31	sec.gov
iPower Inc.	Other	Rancho Cucamonga	CA	$5,184,024	$7,184,024	1	Dec 31	sec.gov
Kivo, Inc.	Other Technology	Portland	OR	$5,127,540	$5,127,540	13	Dec 31	sec.gov
Popcorn Labs, Inc.	Other Technology	New York	NY	$5,030,000	$16,000,000	17	Dec 31	sec.gov
Vega Health Inc. (amended)	Other	Durham	NC	$5,000,000	$5,000,000	15	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$4,824,614	Indefinite	2	Dec 31	sec.gov
Parkva Corp	Other Technology	Provo	UT	$4,749,998	$5,000,000	1	Dec 31	sec.gov
Scenic Hill Solar LX, LLC	Other Energy	Little Rock	AR	$4,494,915	$4,494,915	1	Dec 31	sec.gov
Scenic Hill Solar XLVIII, LLC	Other Energy	Little Rock	AR	$4,447,759	$4,447,759	1	Dec 31	sec.gov
Cadrenal Therapeutics, Inc.	Biotechnology	Ponte Vedra	FL	$4,396,329	$4,396,329	4	Dec 31	sec.gov
Gaingels Early Stage Fund I LLC (amended)	Other	Burlington	VT	$4,330,000	$10,000,000	88	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$4,020,723	Indefinite	4	Dec 31	sec.gov
PSCP Ice, LLC	Investing	Milwaukee	WI	$3,900,000	$3,900,000	41	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO	Insurance	Newport Beach	CA	$3,715,234	Indefinite	3	Dec 31	sec.gov
Fitz Roy 87, LLC	Investing	Lincoln	NE	$3,300,000	$3,300,000	18	Dec 31	sec.gov
GUGLI Corp (amended)	Telecommunications	San Clemente	CA	$3,163,000	$4,999,950	8	Dec 31	sec.gov
Alpenglow Biosciences, Inc. (amended)	Other Health Care	Seattle	WA	$3,000,000	$3,000,000	14	Dec 31	sec.gov
Rocky Mountain Chocolate Factory, Inc.	Retailing	Durango	CO	$2,700,000	$2,700,000	1	Dec 31	sec.gov
Macrocosm, Inc.	Other	Brooklyn	NY	$2,624,991	$3,999,963	14	Dec 31	sec.gov
Scenic Hill Solar LIV, LLC	Other Energy	Little Rock	AR	$2,570,400	$2,570,400	1	Dec 31	sec.gov
Scenic Hill Solar LIX, LLC	Other Energy	Little Rock	AR	$2,458,140	$2,458,140	1	Dec 31	sec.gov
Imagen Vogel Support Services, LLC	Other Health Care	Scottsdale	AZ	$2,245,047	$2,245,047	1	Dec 31	sec.gov
Lightcone Labs Inc.	Other Technology	Las Vegas	NV	$2,010,200	$3,001,300	2	Dec 31	sec.gov
Healionics CORP	Other	Seattle	WA	$1,964,221	$20,000,000	30	Dec 31	sec.gov
Leadership Connect, Inc.	Other Technology	Washington	DC	$1,749,200	$2,000,000	28	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$1,689,330	Indefinite	0	Dec 31	sec.gov
Lodging Fund REIT III OP, LP (amended)	Commercial	Fargo	ND	$1,550,000	$75,000,000	5	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$1,476,700	Indefinite	2	Dec 31	sec.gov
Shelter DP, LLC (amended)	Other	Santa Barbara	CA	$1,380,006	$1,380,006	14	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$1,298,800	Indefinite	1	Dec 31	sec.gov
Acretrader 272 LLC	Other Real Estate	Fayetteville	AR	$1,266,000	$1,266,000	53	Dec 31	sec.gov
Hayrock North, LLC	Commercial	Dallas	TX	$1,250,000	$1,400,000	26	Dec 31	sec.gov
TruePath Vision, LLC	Other	Fort Worth	TX	$1,200,000	$1,200,000	16	Dec 31	sec.gov
INEO Tech Corp.	Other Technology	Surrey		$1,160,064	$1,160,064	4	Dec 31	sec.gov
1199 Central Av Series of Loan LLC	Commercial	Las Vegas	NV	$1,000,000	$1,000,000	10	Dec 31	sec.gov
CRE INC Solutions, LLC	Other	Fort Worth	TX	$1,000,000	$1,000,000	15	Dec 31	sec.gov
Hotel Shield, LLC	Other	Fort Worth	TX	$1,000,000	$1,000,000	15	Dec 31	sec.gov
PACIFIC LIFE INSURANCE CO (amended)	Insurance	Newport Beach	CA	$980,300	Indefinite	2	Dec 31	sec.gov
Genialis, Inc.	Biotechnology	Boston	MA	$700,000	$3,000,000	2	Dec 31	sec.gov
MPC CA 2025 AHI ICF, LLC	Other Real Estate	Atlanta	GA	$685,376	Indefinite	1	Dec 31	sec.gov
PrimoSure, LLC	Other	Fort Worth	TX	$500,000	$500,000	15	Dec 31	sec.gov
Border Bancshares, Inc.	Commercial Banking	Greenbush	MN	$499,997	$499,997	1	Dec 31	sec.gov
GUGLI Corp	Telecommunications	San Clemente	CA	$499,995	$4,999,950	1	Dec 31	sec.gov
Northwest Natural Spirits, LLC	Other	Beaverton	OR	$499,805	$7,000,000	1	Dec 31	sec.gov
SiteVue AI Inc.	Other Technology	Franklin	TN	$450,000	$800,000	2	Dec 31	sec.gov
POSEIDON'S FORGE, INC.	Other	Rehoboth	MA	$250,000	$500,000	4	Dec 31	sec.gov
Multifamily Mechanical Electrical Plumbing, Inc.	Other Real Estate	South Jordan	UT	$249,999	$3,000,000	1	Dec 31	sec.gov
Pedal Works, Inc.	Other	Omaha	NE	$225,000	$500,000	3	Dec 31	sec.gov
Windlift, Inc.	Other Technology	Durham	NC	$175,013	$3,000,000	5	Dec 31	sec.gov
PRETIUM LAND CAPITAL Co REIT, LLC	REITS and Finance	New York	NY	$125,000	$125,000	125	Dec 31	sec.gov
RED REIT, LLC	REITS and Finance	New York	NY	$125,000	$125,000	125	Dec 31	sec.gov
RCF III REIT LOAN, LLC	REITS and Finance	New York	NY	$125,000	$125,000	125	Dec 31	sec.gov
Veritwin, Inc	Other Technology	Miami	FL	$125,000	$4,000,000	1	Dec 31	sec.gov
NewCold USA IX, LLC	REITS and Finance	Chicago	IL	$122,000	$125,000	122	Dec 31	sec.gov
Prime Property Fund, LLC	REITS and Finance	Atlanta	GA	$122,000	$125,000	122	Dec 31	sec.gov
O Ltd.	Computers	Setagaya-Ku, Tokyo		$100,000	$300,000	1	Dec 31	sec.gov
IPC Alternative Real Estate Income Trust, Inc.	REITS and Finance	Oak Brook	IL	$100,000	Indefinite	1	Dec 31	sec.gov
Crypto Co	Other Technology	Malibu	CA	$71,392	$71,392	1	Dec 31	sec.gov
Sagehall II RT LLC	REITS and Finance	New York	NY	$61,000	$62,500	122	Dec 31	sec.gov
Center Street Lending REIT, LLC	REITS and Finance	Irvine	CA	$61,000	$62,500	122	Dec 31	sec.gov
Klarsig Holdings LLC	Other	Burr Ridge	IL	$50,000	$50,000	1	Dec 31	sec.gov
Cavalry Capital Corp.	Other	Vancouver		$35,510	$60,367	1	Dec 31	sec.gov
North State Processing Corp.	Other	Raleigh	NC	$0	$25,000,000	0	Dec 31	sec.gov
Baxter Industries LLC	Other	Manchester	NH	$0	$1,000,000	0	Dec 31	sec.gov
Web3 University	Other	Colorado Springs	CO	$0	$9,000,000	0	Dec 31	sec.gov
Huiping (Hong Kong) Network Technology Ltd	Other Technology	Hong Kong		$0	$5,000,000	0	Dec 31	sec.gov
ACP Management Partners LLC	Other Banking and Financial Services	Newark	DE	$0	$100,000,000	0	Dec 31	sec.gov
Rosemount H.A. LLC (amended)	Other Real Estate	Eden Prairie	MN	$0	$6,000,000	0	Dec 31	sec.gov
World Building Group LLC	Other Banking and Financial Services	Atlanta	GA	$0	$10,000,000	0	Dec 31	sec.gov
Legacy Collective Ventures LLC	Other Banking and Financial Services	Markham	IL	$0	$20,000,000	0	Dec 31	sec.gov
MGCS Income Partners LLC	Investing	Lewes	DE	$0	$20,000,000	0	Dec 31	sec.gov
Wealth Without Wall Street, LLC	Other Banking and Financial Services	Birmingham	AL	$0	$1,000,000	0	Dec 31	sec.gov
FutureFlow Partners, LLC	Other Banking and Financial Services	Dover	DE	$0	$7,000,000	0	Dec 31	sec.gov
Visions Hotels Opportunity Fund 9 L.P.	Investing	Rochester	NY	$0	$35,000,000	0	Dec 31	sec.gov
Stone Mountain Capital Management LLC (amended)	Other Real Estate	Northfield	OH	$0	$25,000,000	0	Dec 31	sec.gov
Gameday Management L.P.	Other	New York	NY	$0	Indefinite	0	Dec 31	sec.gov
JEN Builder Finance LP	Other Real Estate	New York	NY	$0	Indefinite	0	Dec 31	sec.gov
WESTLAND WORLD INC	Investing	Orlando	FL	$0	$20,000,000	0	Dec 31	sec.gov

January 2, 2026 · December 30, 2025 · The whole week · All Form D filings

Read from SEC EDGAR. Amount sold is what the company reported on the day it filed; on an offering that is still open, a later amendment can raise it. Free to reuse with credit to SpecStream under CC BY 4.0.