Palmer Square Floating Rate Fund LLC has announced an amendment to its private offering under Rule 506(b), which is designed to provide a safer harbor for fundraising activities. This change is significant as it reflects the company's ongoing strategy to attract investment while adhering to regulatory requirements.

Palmer Square Floating Rate Fund LLC is classified as a pooled investment fund, specifically a hedge fund. The company is based in Mission Woods, Kansas, and operates under the jurisdiction of Delaware. The firm has been active in filing amendments, with the latest submission dated November 4, 2026, under accession number 0001213900-26-115817.

The recent filing indicates that the total amount sold in the offering is approximately $62.3 million, with an indefinite total offering amount. The filing also notes that the minimum investment accepted is set at $1 million, which is typical for hedge funds targeting accredited investors.

According to the filing, there are currently seven investors involved in the fund, all of whom are accredited. This suggests a focused approach to attracting high-net-worth individuals or institutional investors, which is common in the hedge fund industry.

Details regarding the specific changes made in this amendment were not disclosed in the filing. However, the amendment is part of a broader strategy to comply with the Investment Company Act and maintain regulatory standards.

As the hedge fund sector continues to evolve, this amendment may influence similar firms navigating the complexities of private offerings and regulatory compliance. The filing does not specify what actions will follow this amendment, leaving the next steps unclear.