UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
Amendment No. 1
Current Report Pursuant to Regulation A
Date of Report: 1/14/2022
(Date of earliest event reported - 11/18/21)
MYTHIC COLLECTION, LLC |
(Exact name of issuer as specified in its charter) |
Delaware |
| 83-3427237 |
State of other jurisdiction of incorporation or Organization |
| (I.R.S. Employer Identification No.) |
16 LAGOON CT, SAN RAFAEL, CA 94903
(Full mailing address of principal executive offices)
(415) 335-6370
(Issuer’s telephone number, including area code)
www.mythicmarkets.com
(Issuer’s website)
Series #ABL90 membership interests; Series #94BOX membership interests; Series #AF157 membership
interests; Series #FF160 membership interests; Series #BHERO membership interests
(Securities issued pursuant to Regulation A)
ITEM 9. OTHER EVENTS
On November 18, 2021, Series #FF160 (the “Series”), a series of Mythic Collection, LLC, a Delaware series limited liability company (the “Company”), sold for cash the asset known as 1961 Fantastic Four #1 CGC 6.0 comic book, which is the underlying asset (the “Underlying Asset”) of the Series, for $63,000. The Series’ initially purchased the Underlying Asset for a price of $32,000.
The asset manager of the Series, Mythic Markets, Inc., has been appointed as liquidator of the Series and will distribute to members of the Series all of the remaining assets (which will consist solely of cash) of the Series after making provision for taxes and other liabilities of the Series. For the avoidance of doubt, the liquidator has not withheld, and will not withhold, any distributions to Series members for any member-owed taxes related to the gain on the sale of the Underlying Asset. After making the distribution payment to members of the Series, net of any outstanding taxes and other liabilities, the manager of the Series, Mythic Markets, Inc., intends to terminate and dissolve the Series because the Series will no longer have any assets, liabilities or business operations.
This amendment is being filed to correct the sale price of the underlying asset.
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SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MYTHIC COLLECTION, LLC | |||
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| By: Mythic Markets, Inc, its sole managing member |
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Dated: January 14, 2022 | By: | /s/ Joseph Mahavuthivanij | |
| Name: | Joseph Mahavuthivanij | |
Title: | Chief Executive Officer |
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