Shirley Wells Venture 1, LP has filed a new offering with the SEC, aiming to raise $5 million. This filing, made on October 20, 2026, is significant as it reflects the company’s plans to expand its presence in the oil and gas sector.
According to the filing, the company has already sold $2.5 million worth of shares, leaving another $2.5 million available for investment. The minimum investment accepted is set at $50,000, targeting accredited investors who are interested in participating in the offering.
Background
Shirley Wells Venture 1, LP is a limited partnership incorporated in Virginia. The company focuses on the oil and gas industry and has recently filed its Form D with the SEC. The filing indicates that the company is looking to utilize the funds raised for partnership administration, including bookkeeping and accounting expenses.
What the Filing Says
The SEC filing states, "Rule 506(b) provides a 'safer harbor' for a private offering." This highlights the regulatory framework within which the company is operating its fundraising efforts.
Impact
This offering could affect various stakeholders, including the 23 investors who have already committed funds. The company’s success in raising the remaining $2.5 million could enhance its operational capabilities and market position within the oil and gas industry.
What's Next
The filing does not say what happens next.