SEC filing record
Primary Source · SEC.gov

Proximity CB, LLC

2023 vintageRule 506(b)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$27M

Investors

34

Min Invest

$100,000

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

Proximity CB, LLC is a North Carolina limited liability company that filed a Form D with the SEC on July 21, 2023 in the Commercial industry group. The offering claims Rule 506(b) and covers equity. Proximity CB, LLC reported $27,032,658 sold from 34 investors of a $27,032,658 total offering as of the Form D filed July 21, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000. The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. The issuer's address of record is 102 Autumn Hall Drive, Suite 210, Wilmington, NC 28403.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001986026
Entity NameProximity CB, LLC
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationNorth Carolina
Issuer Address102 Autumn Hall Drive, Suite 210, Wilmington, NC 28403
Phone(910) 344-1000
Industry / Fund TypeCommercial
Securities TypeEquity
First Sale DateJuly 6, 2023
Filing DateJuly 21, 2023
Accession Number0001986026-23-000001
Total Offering Amount$27,032,658
Total Amount Sold$27,032,658
Amount Remaining$0
Total Investors34
Non-Accredited InvestorsNone
Minimum Investment$100,000
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)NC
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

In the Terminal

Filing events

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Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

closed

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Michael C. Brown III

Director · Wilmington, NC

Mr. Brown is a Manager of one of the Managers of the Sole Manager of Issuer.

Brian C. Eckel

Director · Wilmington, NC

Mr. Eckel is a Manager of one of the Managers of the Sole Manager of Issuer.

Paul S. Loukas

Director · Wilmington, NC

Mr. Loukas is a Manager of one of the Managers of the Sole Manager of Issuer.

William W. Schoettelkotte

Director · Wilmington, NC

Mr. Schoettelkotte is a Manager of one of the Managers of the Sole Manager of Issuer.

Calvin F. Wells, Jr.

Director · Wilmington, NC

Mr. Wells is a Manager of one of the Managers of the Sole Manager of Issuer.

Donald M. Epstein

Director · Wilmington, NC

Mr. Epstein is a Manager of one of the Managers of the Sole Manager of Issuer.

Joseph S. Taylor

Director · Wilmington, NC

Mr. Taylor is a Manager of one of the Managers of the Sole Manager of Issuer.

Questions About Proximity CB, LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Proximity CB, LLC?

Proximity CB, LLC is a North Carolina limited liability company that filed a Form D with the SEC on July 21, 2023 in the Commercial industry group. The filing claims Rule 506(b) for an offering of equity.

Is Proximity CB, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Proximity CB, LLC filed a Form D with the SEC on July 21, 2023 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $27,032,658 sold to 34 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Proximity CB, LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Proximity CB, LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Proximity CB, LLC raised?

Proximity CB, LLC reported $27,032,658 sold from 34 investors of a $27,032,658 total offering as of the Form D filed July 21, 2023.

Who can invest in Proximity CB, LLC?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000.

What is the minimum investment in Proximity CB, LLC?

The Form D lists $100,000 as the minimum investment accepted from any outside investor as of July 21, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Proximity CB, LLC and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind Proximity CB, LLC?

The Form D lists 7 related persons: Michael C. Brown III, director (Mr. Brown is a Manager of one of the Managers of the Sole Manager of Issuer); Brian C. Eckel, director (Mr. Eckel is a Manager of one of the Managers of the Sole Manager of Issuer); Paul S. Loukas, director (Mr. Loukas is a Manager of one of the Managers of the Sole Manager of Issuer); William W. Schoettelkotte, director (Mr. Schoettelkotte is a Manager of one of the Managers of the Sole Manager of Issuer); Calvin F. Wells, Jr., director (Mr. Wells is a Manager of one of the Managers of the Sole Manager of Issuer); Donald M. Epstein, director (Mr. Epstein is a Manager of one of the Managers of the Sole Manager of Issuer); Joseph S. Taylor, director (Mr. Taylor is a Manager of one of the Managers of the Sole Manager of Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Proximity CB, LLC located?

The issuer's address on its SEC filings is 102 Autumn Hall Drive, Suite 210, Wilmington, NC 28403. Its phone number of record is 910 344 1000. It is organized under the laws of North Carolina.

How long is the Proximity CB, LLC offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

What is Proximity CB, LLC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.