DXYZ Destiny Tech100 Inc

 

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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