M&A - My Racehorse CA LLC
Form Type: 1-U
Filing Date: 2025-04-03
Corporate Action: Acquisition
Type: New
Accession Number: 000168316825002254
Filing Summary: On March 28, 2025, My Racehorse CA LLC, through its series Margarita Friday 19, sold 75% of the breeding rights for the horse Straight No Chaser to various purchasers. The total purchase price for these rights is set at $1,312,500, with payments structured such that half is due within seven days of closing and the remainder upon Straight No Chaser's retirement from racing. An additional price increase of $562,500 is contingent upon the horse winning key races, with a lesser increase of $187,500 tied to earning an Eclipse Award. The sales agreement includes a bill of sale and a co-ownership agreement, detailing the retained 25% interest by My Racehorse CA LLC. Following the sale, distributions from the proceeds will be made to members of Series Margarita Friday 19 within 90 days. The company has mentioned potential risks and uncertainties regarding future performance in the forward-looking statements section of the report.
Document Link: View Document
Additional details:
Date Of Earliest Event Reported: 2025-03-28
Breeding Rights Sold Percentage: 75%
Base Purchase Price: $1,312,500
Payment Structure: 50% within 7 days of closing, 50% upon retirement of Straight No Chaser
Retained Interest Percentage: 25%
Potential Price Increase 1: $562,500 if Straight No Chaser wins both 2025 Dubai Golden Shaheen and the 2025 Breeders’ Cup
Potential Price Increase 2: $187,500 if Straight No Chaser wins the Eclipse Award for Male Sprinter 2025
Distribution Timeframe: within 90 days
Manager: Experiential Squared, Inc.
Ceo Name: Michael Behrens
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