Commonwealth

Commonwealth sells $50 shares in racehorses, and lately in golfers and a tennis player, through its own SEC-registered funding portal, ALAO Invest. Its Reg A series included the 2023 Kentucky Derby winner Mage and Dubai World Cup winner Country Grammer, whose series paid $1.15 million in one year on a $113,850 raise; the five liquidated series identified in its filings returned $130,082 on $441,800, about 29%. Since 2024 each horse is a separate Reg CF offering managed by the horse's seller. The horse purchase is 9% to 71% of each $50 share, with the rest in operating reserves, expenses and the portal's fee, which reached 18% of acquisition and working-capital proceeds in selected recent offerings. The Reg A issuer's latest annual report located was filed in October 2023.