Form D · Oil and Gas

MDS 2021-Marcellus Shale Development, LP

Pittsburgh, PA · CIK 0001858675

Offering snapshot reported Mar 15, 2022 · SEC filing

Reported sold
$147M
Offering amount: $173M
Investors reported
1,125
Form D · investor count
Minimum accepted
$20K
Reported outside-investor minimum
First sale
Jun 25, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$73.6M$147MJun 2, 2021Dec 27, 2021: $88,878,366.00Dec 27, 2021Mar 15, 2022: $147,168,666.00Mar 15, 2022

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$88,878,366 → $147,168,666
  • Reported investors905 → 1,125

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 15, 2022Amendment$147,168,666$58,290,300vs Dec 27, 20211,125SEC filing
Dec 27, 2021Amendment$88,878,366No comparison905SEC filing
Jun 2, 2021InitialYet to sellNo comparisonNot reportedSEC filing

Offering details

Securities
Equity
Exemptions
06b
Duration over one year
No
Business combination
No
Sales commissions
$8.78M
Finders' fees
$0
Form D file number
021-401365
The Dealer Manager exercised the Greenshoe option; thus, the total offering amount was increased from $150,000,000 to $172,500,000. The offering was terminated on December 31, 2021.
Of the total, $1,301,505 is designated as a marketing fee.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Arete Wealth Management, LLC44856
Aegis Capital Corp.15007
ARKADIOS CAPITAL282710
AUSDAL FINANCIAL PARTNERS, INC.7995
BENCHMARK INVESTMENTS, LLC103792
BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC.13609
CABIN SECURITIES, INC.137608
CABOT LODGE SECURITIES LLC159712
CAMBRIDGE INVESTMENT RESEARCH, INC.39543
CENTER STREET SECURITIES, INC.26898
CETERA ADVISOR NETWORKS LLC13572
CETERA ADVISORS LLC10299
CETERA FINANCIAL SPECIALISTS LLC10358
CETERA INVESTMENT SERVICES LLC15340
CHAPIN, DAVIS28116
CHAUNER SECURITIES, INC.10075
CLIENT ONE SECURITIES LLC152974
COASTAL EQUITIES, INC.23769
CONCORDE INVESTMENT SERVICES, LLC151604
DAI SECURITIES, LLC36673
DEMPSEY LORD SMITH, LLC141238
EMERSON EQUITY LLC130032
FIRST ALLIED SECURITIES, INC.32444
FIRST FINANCIAL EQUITY CORPORATION16507
G. A. REPPLE & COMPANY17486
GRAMERCY SECURITIES, INC.8177
GREEN VISTA CAPITAL, LLC293630
IBN FINANCIAL SERVICES, INC.42360
KALOS CAPITAL, INC.44337
KCD FINANCIAL, INC.127473
KINGSWOOD CAPITAL PARTNERS, LLC288898
NEWBRIDGE SECURITIES CORPORATION104065
PURSHE KAPLAN STERLING INVESTMENTS35747
SCF SECURITIES, INC.47275

Source: Form D, filed Mar 15, 2022. 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
Zachary J. Avi Executive
Michael S. Knapp Executive
Heather Laney Executive
Mds Energy Development, Llc Director, Executive, Promoter
Randall L. Morris, Jr. Executive
Richard Saadeh Executive
Michael D. Snyder Executive, Promoter
Woody Soemantoro Executive
Adam W. Zellman Executive

Issuer details

Industry: Oil and Gas (See others in industry)

Address:
603 Stanwix Street Suite 1750
Pittsburgh, PA, 15222