Capital formation
Each Hub raises against its own objective.
Capital is formed one Hub LLC at a time — $8.95M to $23.25M per entity depending on tier, with a $5,000 minimum subscription. No subscriptions have been accepted and no Class B Units have been issued. Documentation is complete and the offering is pending broker-dealer onboarding and Form D filing.
- $8.95M–$23.25M
- Capital objective per Hub
- $5,000
- Minimum subscription
- $0
- Capital accepted to date
- $1.66B
- Aggregate across all Hubs
By tier, each entity funded separately
5 Class B Units at $1,000 each
0 of 1,660,000 Units issued, as of August 24, 2026
Sum of 101 separate objectives, not one financing
How closings work
Per Hub, not as one national financing
Each Hub LLC is capitalized separately against its own capital objective, so closings occur Hub by Hub rather than as a single national financing event. Deployment is not staggered: the fabric is brought into service together once program-wide funding and readiness conditions are satisfied.
Because no subscriptions have been accepted, every Hub sits at 0% of its capital objective and none has cleared a funding gate. Progress figures shown anywhere on this site are structural thresholds, not achieved amounts.
Readiness
What must clear before subscriptions open
Three states only: complete, in progress, or planned. Nothing is asserted beyond what is documented.
- 101 Hub LLCs formed with executed operating agreementscomplete
- PPM reconciled to current architecturecomplete
- Exhibit C joint venture & Exhibit D template conformedcomplete
- Architecture, BOM and financial model lockedcomplete
- Broker-dealer of record engaged — Andes Capital Groupactive
- KYC / AML and 506(c) accreditation vendor — Incrediveractive
- Form D filing and selling-agent 506(d) screeningplanned
- Subscription acceptance opensplanned
By tier
Capital objective per Hub, and in aggregate
Four tiers, each with its own per-Hub objective. Gate thresholds are the same percentages everywhere; the dollar amounts differ.
| Tier | Hubs | Per Hub | 70% gate | 85% gate | Aggregate |
|---|---|---|---|---|---|
| Tier 1Major Metro | 32 | $23,250,000 | $16,275,000 | $19,762,500 | $744M |
| Tier 2Regional | 29 | $16,850,000 | $11,795,000 | $14,322,500 | $488.65M |
| Tier 3Secondary | 19 | $12,600,000 | $8,820,000 | $10,710,000 | $239.4M |
| Tier 4Emerging | 21 | $8,950,000 | $6,265,000 | $7,607,500 | $187.95M |
| Total | 101 | $1.66B |
Use of funds
Where a Hub's capital goes
Per Hub LLC, by tier. Each column sums to that tier's capital objective.
| Item | Tier 1 | Tier 2 | Tier 3 | Tier 4 |
|---|---|---|---|---|
| Hardware — compute & storage | $9,113,859 | $6,704,448 | $5,116,552 | $3,086,174 |
| Hardware — networking | $4,328,615 | $2,921,388 | $1,993,265 | $1,832,933 |
| 5% variable buffer (hardware) | $672,124 | $481,292 | $355,491 | $245,955 |
| Professional services + installation | $413,313 | $413,313 | $413,313 | $413,313 |
| Sales tax (10% blended, 42 states) | $1,452,791 | $1,052,044 | $787,862 | $557,838 |
| Pre-operating expenses | $5,874,299 | $4,266,515 | $3,177,517 | $2,276,787 |
| Selling compensation (up to 6%) | $1,395,000 | $1,011,000 | $756,000 | $537,000 |
| Capital objective | $23,250,000 | $16,850,000 | $12,600,000 | $8,950,000 |
Allocations are budgeted estimates from the offering documents and may be reallocated by the Manager as procurement, tax and installation costs are finalized. Selling compensation of up to 6% is paid from offering proceeds.
Browse the 101 Hubs