Tender Offer - SKYBRIDGE OPPORTUNITY FUND LLC

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Form Type: SC TO-I/A

Filing Date: 2025-03-05

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525047206

Filing Summary: This document is an Amendment No. 1 to the Issuer Tender Offer Statement on Schedule TO filed by SkyBridge Opportunity Fund LLC. It provides an update on the issuer tender offer initially published on January 27, 2025. The tender offer relates to the Company's proposal to purchase up to 5% of its outstanding shares from its members. The document confirms that except for the amended items, all other information from the original filing remains unchanged. The amendment adds a new exhibit, specifically the Amended and Restated Form of Letter to Shareholders dated March 5, 2025.

Additional details:

Date Tender Offer First Published: 2025-01-27

Offer Percentage: 5%

Exhibit Description: Amended and Restated Form of Letter to Shareholders Dated March 5, 2025.

Form Type: SC TO-I

Filing Date: 2025-01-27

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525013453

Filing Summary: SkyBridge Opportunity Fund LLC is conducting a tender offer to purchase up to 5% of its outstanding shares from shareholders. This offer will allow shareholders to tender their shares until 11:59 p.m., New York time, on February 24, 2025. The purchase price will be the unaudited net asset value per share as determined on the Valuation Date or as extended. The Company reserves the right to adjust the Valuation Date based on any extensions of the Offer. Non-interest bearing promissory notes will be issued to shareholders whose tendered shares are accepted, entitling them to payment based on the determined value. The Offer provides liquidity to shareholders and may allow the Company to retire the tendered shares, with a recommendation to retain an account balance of at least $25,000. Shareholders may withdraw tendered shares prior to the Repurchase Deadline, and the Company maintains discretion over various aspects of the Offer, including the right to decline to purchase if certain thresholds are exceeded. The estimated net asset value of the Company was noted as approximately $1.56 billion as of December 31, 2024, with specifications on further communications and the effect of the tender on non-tendering shareholders. Existing governance under the 1940 Act and preceding agreements will continue to inform the process.

Additional details:

Shareholder Notice Deadline: 2025-02-24T23:59:00-05:00

Offer Percentage: 5

Net Asset Value Per Share: 1161.4992

Repurchase Deadline: 2025-02-24T23:59:00-05:00

Valuation Date: 2025-03-31

Minimum Account Balance: 25000

Payment Time Frame: 30 days after Valuation Date

Combined Payment Time: 90 days after Valuation Date

Contact For Estimated Value: BNY Mellon Investment Servicing, (855) 631-5474

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