Tender Offer - FlowStone Opportunity Fund
Form Type: SC TO-I/A
Filing Date: 2025-03-27
Corporate Action: Tender-offer
Type: Update
Accession Number: 000199937125003278
Filing Summary: This document provides a final amendment to the Tender Offer Statement originally filed by FlowStone Opportunity Fund on August 30, 2024. The Fund's tender offer is aimed at purchasing up to 2,040,009 Shares, equivalent to approximately 5% of the Shares outstanding as of March 31, 2024. The offer was initially published for Shareholders to tender their Shares by September 30, 2024. As of that date, thirty-eight Shareholders tendered their Shares, which were accepted by the Fund. The total net asset value of Shares tendered was calculated at $41,038,166. Payments to Shareholders whose tenders were accepted were made via promissory notes, which included an Initial Payment of at least 95% of the tendered shares' value, and future contingent payments based on the final value after an annual audit. The document outlines the conditions and payments for both Partial and Full Tenders.
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Additional details:
Holders Count: 38
Net Asset Value Tendered: 41038166
Payment Method: promissory notes
Initial Payment Percentage: 95
Payment Date Final Payment: on or before the 60th day after October 1, 2024
Payment Type Full Tenders: Post-Audit Payment
Shareholders Partial Tenders: 6
Shareholders Full Tenders: 32
Form Type: SC TO-I
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000199937125002208
Filing Summary: FlowStone Opportunity Fund filed a tender offer statement under Section 14(D)(1) or 13(E)(1) of the Securities Exchange Act of 1934. The offer is for the purchase of up to approximately 5.00% of the Fund's Shares, specifically targeting Class D, Class I, and Class M Shares. The purchase price will be based on the net asset value as of March 31, 2025. The offer is set to expire at 11:59 p.m., Eastern Time, on March 31, 2025. Shareholders may submit their shares until the offer expiration date, after which acceptance letters will be sent to those whose shares are accepted for purchase. The fund has outlined specific conditions for acceptance and repurchase procedures for its shareholders.
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Additional details:
Share Class: Class D Shares
Share Class: Class I Shares
Share Class: Class M Shares
Maximum Tender Percentage: 5.00
Initial Notice Due Date: 2025-03-31
Valuation Date: 2025-03-31
Total Class D Shares Outstanding: 2856
Total Class I Shares Outstanding: 4905790
Total Class M Shares Outstanding: 35271817
Form Type: SC TO-I/A
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: Update
Accession Number: 000183988225009052
Filing Summary: This document is a final amendment to the Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 filed by FlowStone Opportunity Fund. It reports the results of a tender offer initiated by the Fund to purchase up to 2,040,009 Shares (approximately 5% of Shares outstanding as of March 31, 2024). The offer was first published on August 30, 2024, and required Shareholders to tender their shares by September 30, 2024. Thirty-seven Shareholders validly tendered shares, which were accepted for purchase by the Fund. The net asset value of the shares tendered was $40,816,522 as of the Valuation Date on September 30, 2024. Payments for accepted tenders were made using promissory notes, ensuring at least 95% of the unaudited value of the tendered Shares was paid to Shareholders. Six Shareholders made partial tenders while thirty-one Shareholders made full tenders. Final payments for tendered shares will be conducted based on specific calculations after the annual audit. The filing fee tables are attached as an exhibit.
Document Link: View Document
Additional details:
Name Of Subject Company: FlowStone Opportunity Fund
Name Of Filing Person: FlowStone Opportunity Fund
Title Of Class Of Securities: Class D Shares, Class I Shares and Class M Shares
Cusip Numbers: Class D Shares – 34355F304, Class I Shares – 34355F106, Class M Shares – 34355F205
Date Tender Offer First Published: 2024-08-30
Number Of Shareholders Tendered: 37
Net Asset Value Of Tendered Shares: 40816522
Initial Payment Percentage: 95
Final Payment Timing: on or before the 60th day after October 1, 2024
Payment Method: promissory notes
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