UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
Current Report
Pursuant to Regulation A of the Securities Act of 1933
December 28, 2020
Date of Report: (Date of earliest event reported)
MASTERWORKS 003, LLC
(Exact name of issuer as specified in its charter)
Delaware | 84-2276197 | |
State of other jurisdiction of incorporation or 0rganization | (I.R.S. Employer Identification No.) |
497 BROOME STREET, NEW YORK, NY 10013
(Full mailing address of principal executive offices)
(203) 518-5172
(Issuer’s telephone number, including area code)
www.masterworks.io
(Issuer’s website)
Class A Ordinary Shares
(Class of Securities issued pursuant to Regulation A)
Item 9. Other Events
As previously disclosed by Masterworks 003, LLC (the “Company”) in its Current Report on Form 1-U as filed with the SEC on November 17, 2020, on November 16, 2020, the Company and the 003 Segregated Portfolio of Masterworks Cayman, SPC consummated the sale of its sole material asset and commenced dissolution and winding up in accordance with Section 6.1(c) of the Company’s Amended and Restated Limited Liability Company Operating Agreement. On December 28, 2020, the Company filed a Certificate of Cancellation with the Delaware Secretary of State and the Company was dissolved.
EXHIBITS
The following exhibits are filed herewith:
Exhibit No. | Description of Exhibit | |
9.1 | Certificate of Cancellation, dated December 28, 2020. |
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.
MASTERWORKS 003, LLC | ||
By: | /s/ Joshua B. Goldstein | |
Name: | Joshua B. Goldstein | |
Title: | General Counsel | |
Date: December 29, 2020 |