Federal Register #License No. 40002379

SBA Notice: Exemption Request for First In Ventures Fund 3 SBIC Critical Technologies LP (Section 312)

This notice from the Small Business Administration (SBA) addresses a request for exemption under Section 312 of the Small Business Investment Act by First In Ventures Fund 3 SBIC Critical Technologies LP. - Government Buyer: - Small Business Administration (SBA) - Transaction Details: - First In Ventures Fund 3 SBIC Critical Technologies LP, a Federal Licensee, seeks exemption for a proposed financing to SCATR Corporation - Associates of the fund (First In Ventures Fund II LP and First in SCATR 2024 LLC) own more than ten percent of SCATR Corporation - This ownership constitutes a conflict of interest under 13 CFR 107.730(a) - Regulatory Context: - SBA is requesting public comments to ensure transparency and compliance with SBIC regulations - Notable Requirements: - No procurement or award of products or services is involved - The notice is for regulatory exemption, not a solicitation or contract opportunity

Description

This notice from the Small Business Administration announces that First In Ventures Fund 3 SBIC Critical Technologies LP has requested an exemption under Section 312 of the Small Business Investment Act related to conflicts of interest. The exemption pertains to proposed financing to SCATR Corporation, which involves associates of the fund owning more than ten percent of the company, constituting a conflict of interest. Interested parties may submit comments on this transaction within fifteen days of publication. The notice ensures transparency and compliance with regulations governing Small Business Investment Companies (SBICs).

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