Filed pursuant to Rule 424(b)(3)

File No. 333-264909

 

Destiny Tech100 Inc.

 

Maximum Offering of 1,455,276 Shares 

________________

 

Supplement No. 5 dated May 24, 2024

to the

Prospectus dated December 22, 2023

________________

 

This prospectus supplement modifies, amends and supplements certain information contained in the Prospectus of Destiny Tech100 Inc. (the “Company”) dated December 22, 2023, as amended or supplemented (the “Prospectus”). Capitalized terms used in this prospectus supplement and not otherwise defined have the meaning specified in the Prospectus.

 

You should carefully consider the "Risk Factors" section beginning on page 16 of the Prospectus.

 

Net Asset Value

 

In connection with our regular net asset value determination process, as provided in our valuation policies and procedures, we are announcing that the net asset value as of March 31, 2024, is $5.07 per share of our common stock.

 

Portfolio

 

The following table sets forth certain information as of March 31, 2024, for each portfolio company in which we have invested. Percentage of portfolio column is based on an approximate portfolio value of $55.7M, as of March 31, 2024.

 

Portfolio Company  Nature of Principal Business  Underlying Security Type  % of Portfolio 
Automation Anywhere, Inc.  Enterprise Software  Common Stock   0.79%
Axiom Space, Inc. Series C Preferred Stock  Aviation/Aerospace  Preferred Stock   2.69%
Axiom Space, Inc. Series C-1 Preferred Stock  Aviation/Aerospace  Preferred Stock   6.52%
Bolt Financial, Inc., Series C Preferred Stock  Financial Technology  Preferred Stock(1)   0.15%
Boom Technology, Inc., 5.00% 01/09/2027  Aviation/Aerospace  Convertible Note   4.34%
Brex, Inc.  Financial Technology  Common Stock(1)   3.81%
CElegans Labs, Inc.  Financial Technology  Common Stock   2.25%
Chime Financial Inc. - Series A Preferred Stock  Financial Technology  Preferred Stock   2.12%
ClassDojo, Inc.  Education Services  Common Stock   2.86%
Discord, Inc.  Social Media  Common Stock   0.53%
Discord, Inc. - Series G Preferred Stock  Social Media  Preferred Stock   0.65%
Epic Games, Inc.  Gaming/Entertainment  Common Stock(1)   3.81%
Flexport, Inc.  Supply Chain/Logistics  Common Stock   0.18%
Impossible Foods, Inc. - Series A Preferred Stock  Food Products  Preferred Stock   0.47%
Impossible Foods, Inc. - Series H Preferred Stock  Food Products  Preferred Stock   0.74%
Jeeves, Inc. - Series C Preferred Stock  Financial Technology  Preferred Stock   1.35%
Klarna Bank AB  Financial Technology  Common Stock   1.66%
Maplebear, Inc.  Mobile Commerce  Common Stock   2.96%
OpenAI Inc  Artificial Intelligence  Profit Participation Units   3.59%
Public Holdings, Inc.  Financial Technology  Common Stock   1.40%
Relativity Space, LLC  Aviation/Aerospace  Common Stock(1)   2.60%
Revolut Group Holdings Ltd.  Financial Technology  Common Stock   4.01%
Space Exploration Technologies Corp.  Aviation/Aerospace  Common Stock(1)   26.07%
Space Exploration Technologies Corp., Class A and Class C  Aviation/Aerospace  Common Stock(1)   8.72%
Space Exploration Technologies Corp., Series A  Aviation/Aerospace  Common Stock(1)   1.76%
SuperHuman Labs, Inc.  Enterprise Software  Common Stock   3.77%
First American Treasury Obligation, Class X, 5.27% 

Money Market Fund

  Mutual Fund   

7.31

%
Total         97.07%

 

(1) Investment held through a single-asset SPV. The Company has an ownership interest in the SPV, whose sole assets are shares of the underlying private company.

 

Portfolio Company  Nature of Principal Business  Underlying Security Type  % of Portfolio 
Plaid, Inc.  Financial Technology  Forward Contract(2)   0.51%
Stripe, Inc.  Financial Technology  Forward Contract(2)   2.42%
Total         2.93%

 

(2) Investment held through a single-asset SPV that holds forward contracts. The Company has an ownership interest in the SPV, whose sole assets are forward contracts to acquire shares of the underlying private company. Forward contracts involve the future delivery of shares of the portfolio company upon such securities becoming freely transferable or upon the removal of legends that restrict the transfer of such securities. The counterparties to the forward contracts are the shareholders of the private company who own the restricted shares. The Company does not have information as to the identities of the specific counterparties (the shareholders of the private company); however, counterparty risk is mitigated by the fact that there is not a single counterparty on the opposite side of the forward contracts and the sole obligation of the counterparties is to transfer shares following such time as the shares become freely transferable.

 

 

 

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