Liquidation: ATEL 16, LLC

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Liquidation

Type: Update

Accession Number: 000155837025007851

Filing Summary: ATEL 16, LLC reported its quarterly financial results for the period ended March 31, 2025. The company is in the liquidation phase as of January 1, 2022, following the guidelines outlined in its Operating Agreement. As of the reporting date, total assets were $4,871,000, down from $5,496,000 as of December 31, 2024, reflecting a decrease attributed to operating revenues and member distributions. Operating revenues totaled $523,000 while total operating expenses were $490,000, resulting in a net income of $27,000 for the quarter. Significant items include an unrealized loss of $6,000 on fair value adjustments for warrants. The company plans on continuing operations primarily focused on liquidity measures and managing member capital investments during the liquidation phase, aiming to preserve and return the capital to investors.