Form D · Oil and Gas

Advantage Royalty Fund 1, LP

Midland, TX · CIK 0001840722

Offering snapshot reported Mar 7, 2023 · SEC filing

Reported sold
$5.04M
Offering amount: $25M
Investors reported
55
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Nov 23, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$2.52M$5.04MJan 15, 2021: $175,000.00Jan 15, 2021Feb 9, 2022: $450,000.00Feb 9, 2022Mar 7, 2023: $5,040,355.00Mar 7, 2023

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$450,000 → $5,040,355
  • Reported investors5 → 55

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 7, 2023Amendment$5,040,355$4,590,355vs Feb 9, 202255SEC filing
Feb 9, 2022Amendment$450,000$275,000vs Jan 15, 20215SEC filing
Jan 15, 2021Initial$175,000No comparison3SEC filing

Offering details

Securities
Equity
Exemptions
06b
Duration over one year
No
Business combination
No
Sales commissions
$2.5M (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-386481
Approximately 6% of the amount sold may be paid to the selling group, and the managing broker-dealer may receive a fee up to 2% of total sales plus up to 2% for offering expenses. No finders' fees are anticipated.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Venture.co Brokerage Services, LLC173924
Arete Wealth Management, LLC44856

Source: Form D, filed Mar 7, 2023. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
S. Rhett Gist Director
B. Cutler Gist Director
Janice Gist Director

Issuer details

Industry: Oil and Gas (See others in industry)

Address:
15 Smith Road Suite 1006
Midland, TX, 79705