AG˹ٷ

STOCK TITAN

[D] Compass, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
D
Rhea-AI Filing Summary

Compass, Inc. filed a Form D reporting completion of a $501,897 private placement of Class A common stock under Rule 506(b). The shares were issued on 16 Jul 2025 to a single investor in satisfaction of a hold-back obligation from a prior acquisition; therefore the transaction is tied to a business-combination settlement rather than a new cash raise.

The New York-based Delaware corporation is classified as operating in the Residential AG˹ٷ Estate industry and discloses annual revenue of over $100 million. Minimum outside investment was $10,000; no non-accredited investors participated. No sales commissions or finder’s fees were paid, and the issuer does not expect the offering to continue beyond one year.

Given the company’s revenue scale, the 0.5 million-dollar issuance appears immaterial and enables Compass to conserve cash while meeting acquisition-related obligations with negligible dilution.

Compass, Inc. ha depositato un Modulo D segnalando il completamento di un collocamento privato di 501.897 dollari di azioni ordinarie di Classe A ai sensi della Regola 506(b). Le azioni sono state emesse il 16 luglio 2025 a un unico investitore per soddisfare un obbligo di trattenuta derivante da un’acquisizione precedente; quindi, la transazione è legata a una sistemazione di fusione aziendale piuttosto che a una nuova raccolta di capitali.

La società con sede a New York e costituita nel Delaware è classificata nel settore del Settore Immobiliare Residenziale e dichiara un fatturato annuo superiore a 100 milioni di dollari. L’investimento minimo esterno era di 10.000 dollari; non hanno partecipato investitori non accreditati. Non sono state pagate commissioni di vendita né onorari a intermediari, e l’emittente non prevede che l’offerta prosegua oltre un anno.

Considerando la dimensione del fatturato della società, l’emissione di 0,5 milioni di dollari appare irrilevante e permette a Compass di conservare liquidità soddisfacendo gli obblighi legati all’acquisizione con una diluizione trascurabile.

Compass, Inc. presentó un Formulario D informando la finalización de una colocación privada de 501,897 dólares en acciones ordinarias Clase A bajo la Regla 506(b). Las acciones fueron emitidas el 16 de julio de 2025 a un único inversor para cumplir con una obligación de retención derivada de una adquisición previa; por lo tanto, la transacción está vinculada a una liquidación de combinación empresarial y no a una nueva captación de efectivo.

La corporación con sede en Nueva York y constituida en Delaware está clasificada en la industria de Bienes Raíces Residenciales y declara ingresos anuales superiores a 100 millones de dólares. La inversión mínima externa fue de 10,000 dólares; no participaron inversores no acreditados. No se pagaron comisiones de venta ni honorarios a intermediarios, y el emisor no espera que la oferta continúe más allá de un año.

Dado el tamaño de los ingresos de la empresa, la emisión de 0,5 millones de dólares parece insignificante y permite a Compass conservar efectivo mientras cumple con las obligaciones relacionadas con la adquisición con una dilución mínima.

Compass, Inc.Rule 506(b)� 따라 클래� A 보통� 501,897달러� 사모 발행 완료� 보고하 Form D� 제출했습니다. 해당 주식은 이전 인수에서 발생� 보유 의무� 이행하기 위해 2025� 7� 16� 단일 투자자에� 발행되었으며, 따라� 이번 거래� 신규 자금 조달� 아닌 사업 결합 정산� 관련되� 있습니다.

델라웨어� 설립� 뉴욕 소재 회사� 주거� 부동산 산업� 속하� 연간 매출� 1� 달러 이상이라� 공시했습니다. 최소 외부 투자� 10,000달러였으며, 비인� 투자자 참여하지 않았습니�. 판매 수수료나 중개 수수료 지급되지 않았으며, 발행사 이번 공모가 1� 이상 지속될 것으� 예상하지 않습니다.

회사� 매출 규모� 감안� �, 50� 달러 발행은 중요하지 않은 수준으로 보이� Compass가 인수 관� 의무� 충족하면� 현금� 절약하고 희석 효과� 최소화할 � 있게 합니�.

Compass, Inc. a déposé un formulaire D signalant l’achèvement d’un placement privé de 501 897 dollars d’actions ordinaires de classe A en vertu de la règle 506(b). Les actions ont été émises le 16 juillet 2025 à un seul investisseur pour satisfaire une obligation de retenue liée à une acquisition antérieure ; par conséquent, la transaction est liée à un règlement de fusion d’entreprise plutôt qu’� une nouvelle levée de fonds.

La société basée à New York et constituée dans le Delaware est classée dans le secteur de l�immobilier résidentiel et déclare un chiffre d’affaires annuel supérieur à 100 millions de dollars. L’investissement minimum extérieur était de 10 000 dollars ; aucun investisseur non accrédité n’a participé. Aucune commission de vente ni frais d’apporteur d’affaires n’a été versée, et l’émetteur ne prévoit pas que l’offre se poursuive au-delà d’un an.

Compte tenu de l’échelle des revenus de l’entreprise, l’émission de 0,5 million de dollars semble négligeable et permet à Compass de conserver des liquidités tout en respectant les obligations liées à l’acquisition avec une dilution minime.

Compass, Inc. hat ein Formular D eingereicht, in dem der Abschluss einer Privatplatzierung von 501.897 US-Dollar in Class-A-Stammaktien gemäß Regel 506(b) gemeldet wird. Die Aktien wurden am 16. Juli 2025 an einen einzigen Investor ausgegeben, um eine Zurückbehaltungsverpflichtung aus einer früheren Übernahme zu erfüllen; daher steht die Transaktion im Zusammenhang mit der Abwicklung einer Unternehmensfusion und nicht mit einer neuen Kapitalerhöhung.

Die in Delaware ansässige Gesellschaft mit Hauptsitz in New York ist in der Branche Wohnimmobilien tätig und gibt einen Jahresumsatz von über 100 Millionen US-Dollar an. Die Mindestanlage von außen betrug 10.000 US-Dollar; nicht akkreditierte Investoren nahmen nicht teil. Es wurden keine Verkaufsprovisionen oder Findergebühren gezahlt, und der Emittent erwartet nicht, dass das Angebot länger als ein Jahr fortgesetzt wird.

Angesichts des Umsatzvolumens des Unternehmens erscheint die Emission von 0,5 Millionen US-Dollar als unerheblich und ermöglicht es Compass, Liquidität zu schonen und gleichzeitig übernahmebedingte Verpflichtungen mit vernachlässigbarer Verwässerung zu erfüllen.

Positive
  • No cash outlay: settling acquisition holdback with equity preserves cash resources.
  • No fees: transaction incurred zero sales commissions or finder’s fees, minimizing costs.
Negative
  • Share dilution: issuance of additional stock, albeit small, marginally increases outstanding shares.

Insights

TL;DR: $502K Rule 506(b) share issuance settles acquisition holdback; negligible size vs. >$100M revenue, minimal dilution, neutral impact.

The Form D reveals Compass issued $501,897 of Class A stock to one accredited investor on 16 Jul 2025. Proceeds settle a previously agreed holdback tied to an acquisition, so the deal avoids cash outflow. Revenue category (> $100 m) implies the issuance is less than 1% of annual sales, suggesting de minimis dilution and no balance-sheet strain. Absence of commissions keeps the transaction cost-efficient. Because the filing reflects routine post-M&A consideration rather than fresh capital, market impact should be limited. Investors may monitor share count changes but the event is operationally and financially non-material.

Compass, Inc. ha depositato un Modulo D segnalando il completamento di un collocamento privato di 501.897 dollari di azioni ordinarie di Classe A ai sensi della Regola 506(b). Le azioni sono state emesse il 16 luglio 2025 a un unico investitore per soddisfare un obbligo di trattenuta derivante da un’acquisizione precedente; quindi, la transazione è legata a una sistemazione di fusione aziendale piuttosto che a una nuova raccolta di capitali.

La società con sede a New York e costituita nel Delaware è classificata nel settore del Settore Immobiliare Residenziale e dichiara un fatturato annuo superiore a 100 milioni di dollari. L’investimento minimo esterno era di 10.000 dollari; non hanno partecipato investitori non accreditati. Non sono state pagate commissioni di vendita né onorari a intermediari, e l’emittente non prevede che l’offerta prosegua oltre un anno.

Considerando la dimensione del fatturato della società, l’emissione di 0,5 milioni di dollari appare irrilevante e permette a Compass di conservare liquidità soddisfacendo gli obblighi legati all’acquisizione con una diluizione trascurabile.

Compass, Inc. presentó un Formulario D informando la finalización de una colocación privada de 501,897 dólares en acciones ordinarias Clase A bajo la Regla 506(b). Las acciones fueron emitidas el 16 de julio de 2025 a un único inversor para cumplir con una obligación de retención derivada de una adquisición previa; por lo tanto, la transacción está vinculada a una liquidación de combinación empresarial y no a una nueva captación de efectivo.

La corporación con sede en Nueva York y constituida en Delaware está clasificada en la industria de Bienes Raíces Residenciales y declara ingresos anuales superiores a 100 millones de dólares. La inversión mínima externa fue de 10,000 dólares; no participaron inversores no acreditados. No se pagaron comisiones de venta ni honorarios a intermediarios, y el emisor no espera que la oferta continúe más allá de un año.

Dado el tamaño de los ingresos de la empresa, la emisión de 0,5 millones de dólares parece insignificante y permite a Compass conservar efectivo mientras cumple con las obligaciones relacionadas con la adquisición con una dilución mínima.

Compass, Inc.Rule 506(b)� 따라 클래� A 보통� 501,897달러� 사모 발행 완료� 보고하 Form D� 제출했습니다. 해당 주식은 이전 인수에서 발생� 보유 의무� 이행하기 위해 2025� 7� 16� 단일 투자자에� 발행되었으며, 따라� 이번 거래� 신규 자금 조달� 아닌 사업 결합 정산� 관련되� 있습니다.

델라웨어� 설립� 뉴욕 소재 회사� 주거� 부동산 산업� 속하� 연간 매출� 1� 달러 이상이라� 공시했습니다. 최소 외부 투자� 10,000달러였으며, 비인� 투자자 참여하지 않았습니�. 판매 수수료나 중개 수수료 지급되지 않았으며, 발행사 이번 공모가 1� 이상 지속될 것으� 예상하지 않습니다.

회사� 매출 규모� 감안� �, 50� 달러 발행은 중요하지 않은 수준으로 보이� Compass가 인수 관� 의무� 충족하면� 현금� 절약하고 희석 효과� 최소화할 � 있게 합니�.

Compass, Inc. a déposé un formulaire D signalant l’achèvement d’un placement privé de 501 897 dollars d’actions ordinaires de classe A en vertu de la règle 506(b). Les actions ont été émises le 16 juillet 2025 à un seul investisseur pour satisfaire une obligation de retenue liée à une acquisition antérieure ; par conséquent, la transaction est liée à un règlement de fusion d’entreprise plutôt qu’� une nouvelle levée de fonds.

La société basée à New York et constituée dans le Delaware est classée dans le secteur de l�immobilier résidentiel et déclare un chiffre d’affaires annuel supérieur à 100 millions de dollars. L’investissement minimum extérieur était de 10 000 dollars ; aucun investisseur non accrédité n’a participé. Aucune commission de vente ni frais d’apporteur d’affaires n’a été versée, et l’émetteur ne prévoit pas que l’offre se poursuive au-delà d’un an.

Compte tenu de l’échelle des revenus de l’entreprise, l’émission de 0,5 million de dollars semble négligeable et permet à Compass de conserver des liquidités tout en respectant les obligations liées à l’acquisition avec une dilution minime.

Compass, Inc. hat ein Formular D eingereicht, in dem der Abschluss einer Privatplatzierung von 501.897 US-Dollar in Class-A-Stammaktien gemäß Regel 506(b) gemeldet wird. Die Aktien wurden am 16. Juli 2025 an einen einzigen Investor ausgegeben, um eine Zurückbehaltungsverpflichtung aus einer früheren Übernahme zu erfüllen; daher steht die Transaktion im Zusammenhang mit der Abwicklung einer Unternehmensfusion und nicht mit einer neuen Kapitalerhöhung.

Die in Delaware ansässige Gesellschaft mit Hauptsitz in New York ist in der Branche Wohnimmobilien tätig und gibt einen Jahresumsatz von über 100 Millionen US-Dollar an. Die Mindestanlage von außen betrug 10.000 US-Dollar; nicht akkreditierte Investoren nahmen nicht teil. Es wurden keine Verkaufsprovisionen oder Findergebühren gezahlt, und der Emittent erwartet nicht, dass das Angebot länger als ein Jahr fortgesetzt wird.

Angesichts des Umsatzvolumens des Unternehmens erscheint die Emission von 0,5 Millionen US-Dollar als unerheblich und ermöglicht es Compass, Liquidität zu schonen und gleichzeitig übernahmebedingte Verpflichtungen mit vernachlässigbarer Verwässerung zu erfüllen.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001563190
Urban Compass, Inc.
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
Compass, Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Compass, Inc.
Street Address 1 Street Address 2
110 FIFTH AVENUE 4TH FLOOR
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
NEW YORK NEW YORK 10011 646-982-0353

3. Related Persons

Last Name First Name Middle Name
Reelitz Kalani
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Reffkin Robert
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Serwin Brad
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Leinwand Allan
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Martell Frank
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
McCarter Josh
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Phillips Charles
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Sordello Steven
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Thomas-Graham Pamela
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Williams Dawanna
Street Address 1 Street Address 2
110 Fifth Ave 4th Floor
City State/Province/Country ZIP/PostalCode
New York NEW YORK 10011
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
AG˹ٷ Estate
Commercial
Construction
REITS & Finance
X Residential
Other AG˹ٷ Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
X Over $100,000,000 Over $100,000,000
Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2025-07-16 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes No

Clarification of Response (if Necessary):

The parties agreed that a holdback amount related to a prior acquisition will be paid in shares of the Issuer's Class A common stock.

11. Minimum Investment

Minimum investment accepted from any outside investor $10,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number X None
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
Street Address 1 Street Address 2
City State/Province/Country ZIP/Postal Code
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount $501,897 USD
or Indefinite
Total Amount Sold $501,897 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
Compass, Inc. /s/ Brad Serwin Brad Serwin General Counsel and Corporate Secretary 2025-07-31

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


FAQ

How much equity did Compass (COMP) issue in the Form D offering?

Compass issued $501,897 of Class A common stock.

Why was the equity issued by Compass?

Shares were used to pay a holdback amount related to a prior acquisition.

Were any non-accredited investors involved?

No. The filing lists one investor, and the non-accredited box is unchecked.

What exemption does Compass rely on for this private placement?

The company claimed the Rule 506(b) exemption under Regulation D.

Did Compass pay any sales commissions or finder’s fees?

No, the filing reports $0 in commissions and finder’s fees.

Is this offering expected to last more than one year?

No. Compass indicated the offering will not continue beyond one year.

What is Compass’s reported revenue range?

Compass selected the category of over $100 million in annual revenue.
Compass Inc

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AG˹ٷ Estate Services
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United States
NEW YORK