Gyrodyne, LLC Files Amendment No. 1 to S-1 Registration Statement

TL;DR

<b>Gyrodyne, LLC has filed an amendment to its S-1 registration statement, indicating ongoing preparations for a public offering.</b>

AI Summary

Gyrodyne, LLC (GYRO) filed a Amended IPO Registration (S-1/A) with the SEC on January 23, 2024. Gyrodyne, LLC filed an Amendment No. 1 to its Form S-1 Registration Statement with the SEC. The filing was made on January 23, 2024, with the date as of change being January 22, 2024. The company's principal executive offices are located at One Flowerfield, Suite 24, Saint James, New York 11780. Gyrodyne, LLC is incorporated in New York and its IRS Employer Identification Number is 463838291. The company is classified as a non-accelerated filer and a smaller reporting company.

Why It Matters

For investors and stakeholders tracking Gyrodyne, LLC, this filing contains several important signals. This amendment signifies continued progress in Gyrodyne, LLC's journey towards becoming a publicly traded company, potentially impacting its capital structure and investor base. The S-1 filing is a crucial step for any company seeking to raise capital through an initial public offering (IPO), providing detailed financial and business information to potential investors.

Risk Assessment

Risk Level: low — Gyrodyne, LLC shows low risk based on this filing. The filing is an amendment to a registration statement, not a new offering or significant financial event, thus posing minimal immediate risk.

Analyst Insight

Monitor future filings for updates on the S-1 registration process, including the effective date and any potential offering details.

Key Numbers

• 2024-01-23 — Filing Date (Amendment No. 1 to Form S-1 Registration Statement)
• 2024-01-22 — Date as of Change (Filing)
• 463838291 — IRS Number (Gyrodyne, LLC)
• 11780 — ZIP Code (Business Address)
• 631-584-5400 — Business Phone (Gyrodyne, LLC)

Key Players & Entities

• Gyrodyne, LLC (company) — Registrant
• Gary Fitlin (person) — President and Chief Executive Officer
• Alon Y. Kapen (person) — Copies to
• New York (location) — State of Incorporation
• Saint James (location) — Business Address City
• 333-276312 (registration_number) — SEC File Number

Forward-Looking Statements

• Gyrodyne, LLC will successfully complete its public offering within the next 6-12 months. (Gyrodyne, LLC) — medium confidence, target: 2025-01-22

FAQ

Industry Context

Gyrodyne, LLC operates in the real estate sector, specifically as an operator of nonresidential buildings.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.

What Investors Should Do

1. Review the full S-1/A filing for detailed financial statements and business descriptions.
2. Track future SEC filings from Gyrodyne, LLC for updates on the registration process.
3. Analyze the company's business model and market position as described in the registration statement.

Year-Over-Year Comparison

This is an amendment to a previously filed S-1 registration statement, indicating updates or additions to the initial filing.

Key Financial Figures

• $8.00 — THE EXERCISE OF SUBSCRIPTION RIGHTS AT $8.00 PER SHARE Gyrodyne, LLC (the "Company
• $5,000,000 — to receive aggregate gross proceeds of $5,000,000. You will not be entitled to receive an
• $9.98 — r common shares on January 19, 2024 was $9.98 per share. The common shares are bein
• $1.58 million — result in a reduction of approximately $1.58 million in net assets in liquidation. There can

Filing Documents

• gyrllc20240118_s1a.htm (S-1/A) — 630KB
• ex_617152.htm (EX-4.4) — 38KB
• ex_617151.htm (EX-5.1) — 7KB
• ex_616993.htm (EX-23.1) — 3KB
• ex_617153.htm (EX-99.1) — 38KB
• ex_617154.htm (EX-99.2) — 19KB
• ex_617155.htm (EX-99.3) — 22KB
• ex_617156.htm (EX-99.4) — 17KB
• ex_617157.htm (EX-99.5) — 26KB
• ex_617158.htm (EX-99.6) — 15KB
• ex_617385.htm (EX-99.7) — 6KB
• ex_617159.htm (EX-99.8) — 25KB
• ex_616994.htm (EX-FILING FEES) — 21KB
• logo01.jpg (GRAPHIC) — 4KB
• 0001437749-24-001897.txt (&nbsp;) — 872KB

USE OF PROCEEDS

USE OF PROCEEDS 21 CAPITALIZATION 22

DILUTION

DILUTION 23 STOCK MARKET AND DIVIDEND INFORMATION 24 THE RIGHTS OFFERING 24 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES 34

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 37 PLAN OF DISTRIBUTION 39

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 40 WHERE YOU CAN FIND ADDITIONAL INFORMATION 41 LEGAL MATTERS 42 EXPERTS 42 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 42 (i) ABOUT THIS PROSPECTUS This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission (the "SEC"). The exhibits to the registration statement contain the full text of certain contracts and other important documents we have summarized in this prospectus. Since these summaries may not contain all the information that you may find important in deciding whether to purchase our securities, you should review the full text of these documents. The registration statement and the exhibits can be obtained from the SEC as indicated under the sections entitled "Where You Can Find Additional Information" and "Incorporation by Reference." You should read this prospectus, the documents incorporated by reference into this prospectus, and any prospectus supplement or free writing prospectus that we may authorize for use in connection with this offering in their entirety before making an investment decision. Until [DATE] (the 25th day after the date of this prospectus), all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions. You should rely only on the information contained in this prospectus and any free writing prospectus we may authorize to be delivered to you. We have not authorized anyone to provide you with information different from, or in addition to, that contained in this prospectus and any related free writing prospectus. If anyone provides you with additional, different or inconsistent information, you should not rely on it. We take no responsibility for, and can provi

View Full Filing

View this S-1/A filing on SEC EDGAR