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374 facts · 512 sources · updated 2026-09-30

Fact fund-010

newrecordconfirmed Valar Atomics Inc. has filed no Form D for any round, $1B included; only nine outside investment pools filed
2026-09-29 · fund-010 · Valar Atomics, U.S. Securities and Exchange Commission, Sydecar, CGF2021 LLC

EDGAR, the SEC's filing system, has no registrant named Valar Atomics, Inc.: its company search for 'valar atomics' returns seven series of CGF2021 LLC (investment pools administered by Sydecar, orig-056) and nothing else, and a full-text search of all filings for 'Valar Atomics' (31 hits, re-run 29 Sept 2026) finds Form D notices only from nine such pools (ten filings: eight CGF2021 series and one Alumni Ventures fund), plus lenders' and other companies' reports that mention Valar. So none of the rounds in fund-002 to fund-007, including the $1 billion Series B, has a Form D from the company. The SEC's guidance says a company selling under Rule 504 or 506 of Regulation D 'must file this notice within 15 days after the first sale of securities'. The SEC's pages describe Rule 506(b) as a 'safe harbor' under Section 4(a)(2) of the Securities Act, which exempts sales 'not involving any public offering', and tie the Form D notice to the Regulation D rules; they do not say that every private sale needs one. Which exemption Valar used is not public. The Form D itself asks for each executive officer, director and promoter (Item 3) and the amount sold (Item 13); its absence is why Valar's board and round totals are known only from press and investors (fund-002, fund-008, ppl-010). This is a gap in the public record and nothing more.

In plain termsWhen a U.S. company sells shares privately under the SEC's most common rules (Regulation D), it files a short public notice called a Form D, listing its officers and directors and how much it sold. Valar has filed none, even for a $1 billion round; only small investment pools that bought into Valar filed them. The SEC's pages tie the notice to those rules, not to every private sale, so its absence is not proof of wrongdoing. But it means the public cannot check who runs the company or how much it really raised.
verified 2026-09-29: Re-verified 2026-09-29: EDGAR company search (7 CGF2021 series) and full-text searches (31 hits; 10 Form Ds, 9 entities, none by Valar) re-run. The claim about what a Form D names was not in the pages first cited: now sourced to the SEC's Form D; the line on other exemptions was reworded to what the SEC pages say. Correction 2026-09-29 (wording review): tool name removed from the note; review: closing sentence now states the gap only.

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