Life Impact Partners 3 LLC has announced a new private equity offering aimed at raising up to $5 million. This filing, submitted on November 6, 2026, is significant as it allows the company to seek funding from accredited investors while adhering to SEC regulations.

Life Impact Partners 3 LLC is a limited liability company incorporated in Utah. The company operates within the biotechnology sector and is categorized under the SEC's guidelines for private offerings. The firm is relatively new, having been established in 2026, and has a reported revenue range of between $1,000,001 and $5,000,000.

The filing states that the offering is being conducted under Rule 506(b), which provides a safe harbor for private offerings. According to the document, the total offering amount is set at $5 million, with no amount sold as of the filing date. Investors are required to make a minimum investment of $10,000.

This initiative may affect various stakeholders, including potential investors looking for opportunities in the biotechnology space. Additionally, it may set a precedent for other companies in the sector considering similar fundraising methods.

Details were not available in the SEC filing regarding the next steps for this offering.

Company Details

Life Impact Partners 3 LLC is incorporated in Utah and operates out of Draper, with a business address at 12481 S Fort Street, #225, Draper, UT 84020. The company has not previously operated under any other name, and its Employer Identification Number (EIN) is 424314532.

Management and Promoter

The filing identifies Ronald Eugene Wilhelm as the promoter of the offering, who also shares the same business address as the company. His role as a promoter indicates he may be instrumental in guiding the fundraising efforts and attracting accredited investors.

Offering Specifics

The offering is structured to comply with federal exemptions under Rule 506(b) of Regulation D, which allows for a private offering to accredited investors without the need for extensive registration requirements. The offering is not expected to exceed one year in duration, and the company has indicated that the date of the first sale of securities has yet to occur.

Investment Details

Investors interested in participating in this offering must meet the minimum investment threshold of $10,000. As of the filing date, no funds have been raised, and the total amount remaining to be raised is $5 million.

Use of Proceeds

The SEC filing does not provide specific details regarding the intended use of proceeds from the offering, which may be a point of interest for potential investors. Additionally, there are no sales commissions or finders' fees associated with this offering, indicating that the company may be looking to maximize the amount of capital raised for its operations.