# EDGAR Filing Document

**Accession Number:** 0001968611
**File Stem:** 0001654954-23-003462
**Filing Date:** 2023-3
**Character Count:** 14755
**Document Hash:** 327931b854dc7738a26203b63477ee7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-23-003462.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001654954-23-003462

**CONFORMED SUBMISSION TYPE**: 1-A/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Versity Invest, LLC
- **CENTRAL INDEX KEY:** 0001968611
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 881425276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12178
- **FILM NUMBER:** 23756093

**BUSINESS ADDRESS:**
- **STREET 1:** 20 ENTERPRISE
- **STREET 2:** SUITE 400
- **CITY:** ALISO VIEJO
- **STATE:** CA
- **ZIP:** 92656
- **BUSINESS PHONE:** 949-540-9164

**MAIL ADDRESS:**
- **STREET 1:** 20 ENTERPRISE
- **STREET 2:** SUITE 400
- **CITY:** ALISO VIEJO
- **STATE:** CA
- **ZIP:** 92656

## Part

**EXPLANATORY NOTE**

This Amendment No.1, or this Amendment, to the Regulation A Offering Statement on Form 1-A filed by Versity Invest, LLC on March 8, 2023 (the "Original Filing") is being filed solely to include various exhibits required by Form 1-A. Accordingly, this Amendment consists only of the explanatory note, the signature page to the Form 1-A, the exhibit index, and the exhibits referenced therein. The Preliminary Offering Circular is unchanged and therefore has been omitted.

**PART III - EXHIBITS**

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** <br> **Number** | **Exhibit Description** |
| <u>[(1)(a)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex1a.htm)</u> | [Managing Broker-Dealer Agreement by and between WealthForge Securities, LLC and Versity Invest, LLC](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex1a.htm) |
| <u>[(1)(b)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex1b.htm)</u> | [Form of Registered Investment Adviser Selling Agreement](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex1b.htm) |
| <u>[(2)(a)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2a.htm)</u> | [Certificate of Formation of Versity InvestCo, LLC](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2a.htm) |
| <u>[(2)(b)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2b.htm)</u> | [State of Delaware Certificate of Amendment](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2b.htm) |
| <u>[(2)(c)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2c.htm)</u> | [Limited Liability Company Agreement of Versity Invest, LLC](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex2c.htm) |
| <u>[(3)(a)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3a.htm)</u> | [Form of Indenture](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3a.htm) |
| <u>[(3)(b)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3b.htm)</u> | [Form of A Bond](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3b.htm) |
| <u>[(3)(c)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3c.htm)</u> | [Form of R Bond](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex3c.htm) |
| [<u>(4)</u>](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex4.htm) | [Subscription Agreement](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex4.htm) |
| <u>[(6)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex6.htm)</u> | [Senior Secured Term Loan Agreement, dated as of May 27, 2021, as amended by that certain First Amendment, dated as of April 12, 2022, by and between Versity EquityCo, LLC, Versity EquityCo II, LLC, KHCA Funding LLC, Versity EquityCo Parent, LLC, Versity EquityCo Parent II, LLC, Versity Investments, LLC, Versity Invest, LLC, Brian Nelson, Tanya Muro, and Blake Wettengel](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex6.htm) |
| <u>[(11)(a)](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex11.htm)</u> | [Consent of Ronald Blue & Co. CPAs.](http://www.sec.gov/Archives/edgar/data/1968611/000165495423002535/versity_ex11.htm) |
| <u>[(11)(b)](versity_ex12.htm)</u> | [Consent of Whiteford, Taylor & Preston LLP\*](versity_ex12.htm) |
| <u>[(12)](versity_ex12.htm)</u> | [Opinion of Whiteford, Taylor & Preston LLP regarding legality of the Bonds](versity_ex12.htm) |

---

_____________

\* Included with the legal opinion provided pursuant to item (12)

SIGNATURES

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Aliso Viejo, California on March 7, 2023.

**VERSITY INVEST, LLC,** 

a Delaware limited liability company

---

| | |
|:---|:---|
| By: | /s/ Blake W. Wettengel |
| Name: | Blake W. Wettengel |
| Its: | Chief Executive Officer and President<br> (Principal Executive Officer) |
| By: | /s/ Jennifer Welker |
| Name: | Jennifer Welker |
| Its: | Chief Financial Officer<br> (Principal Financial Officer and Principal Accounting Officer) |

---

## Ex1A-12

**EXHIBIT 12**

March 23, 2023

Versity Invest, LLC

20 Enterprise, Suite 600

Aliso Viejo, CA 92656

RE: Versity Invest, LLC – Bonds

Ladies and Gentlemen:

We have acted as counsel to you in connection with the preparation and filing by you of an Offering Statement on Form 1-A (File No.024-12178) (as amended, the "Offering Statement") under the Securities Act of 1933, as amended (the "Act") and Regulation A promulgated thereunder, with respect to the qualification of $75,000,000, in the aggregate, of 8.0% senior unsecured bonds (the "A Bonds") and 8.0% senior unsecured bonds (the "R Bonds" and together with the A Bonds, the "Bonds") of Versity Invest, LLC (the "Company").

This opinion letter is being delivered in accordance with the requirements of Item 17 of Form 1-A under the Securities Act.

In rendering the opinions expressed below, we have acted as counsel for the Company and have examined and relied upon originals, or copies certified or otherwise identified to our satisfaction, of (i) the Offering Statement, (ii) the form of Indenture between the Company, as obligor and UMB Bank, N.A., as trustee (the "Trustee") filed as Exhibit 3(a) to the Offering Statement (the "Indenture"), (iii) the form of A Bond filed as Exhibit 3(b) to the Offering Statement, (iv) the form of R Bond filed as Exhibit 3(c) to the Offering Statement, (v) the preliminary offering circular contained within the Offering Statement, (vi) the relevant Company filings with the Delaware Secretary of State, and (vii) the operating agreements and such other documents and records of the Company, certificates of public officials and representatives of the Company, resolutions and forms of resolutions and other documents and have examined such questions of law and have satisfied ourselves to such matters of fact, as we have deemed necessary or appropriate as a basis for the opinions set forth herein. We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures, and the legal capacity of all natural persons. We have also assumed the conformity with the original documents of any copies thereof submitted to us for our examination and the authenticity of the originals of such documents.

Based on the foregoing, we are of the opinion that the Bonds are duly and validly authorized for issuance and, upon the due execution, authentication and issuance of the Bonds as contemplated by the form of Indenture, the Offering Statement and the offering circular contained therein, and upon payment and delivery of the Bonds as contemplated by the Offering Statement, the Bonds will be: (i) validly issued, fully paid and non-assessable; and (ii) valid and binding obligations of the Company.

The foregoing opinions are subject to: (i) the effect of bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws now or hereafter in effect relating to or affecting the rights and remedies of creditors; (ii) general principles of equity (whether considered in a proceeding in equity or at law); and (iii) the unenforceability under certain circumstances under law or court decisions of provisions providing for the indemnification of, or contribution to, a party with respect to a liability where such indemnification or contribution is contrary to public policy. We express no opinion concerning the enforceability of any waiver of rights or defenses with respect to stay, extension or usury laws, and we express no opinion with respect to whether acceleration of the Bonds may affect the collectability of any portion of the stated principal amount thereof which might be determined to constitute unearned interest thereon.

We assume for purposes of this opinion that the Company will remain duly organized, validly existing and in good standing under Delaware law.

To the extent that the obligations of the Company under an Indenture may be dependent thereon, we assume for purposes of this opinion that the Trustee is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization; that the Trustee is duly qualified to engage in the activities contemplated by the Indenture; that, when executed, the Indenture will have been duly authorized, executed and delivered by the Trustee and will constitute a legally valid, binding and enforceable obligation of the Trustee, enforceable against the Trustee in accordance with its terms; that the Trustee is in compliance, generally and with respect to acting as Trustee under the Indenture, with all applicable laws and regulations; and that the Trustee will have the requisite organizational and legal power and authority to perform its obligations under the Indenture.

We consent to the use of this opinion as an exhibit to the Offering Statement and to the reference to our name under the heading "LEGAL MATTERS" in the Offering Statement.

Very truly yours,

/s/ WTP

Whiteford, Taylor & Preston

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** Versity Invest, LLC

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2022

**CIK:** 0001968611

**I.R.S. Employer Identification Number:** 88-1425276

**Primary Standard Industrial Classification Code:** 6500

**Total number of full-time employees:** 60

**Total number of part-time employees:** 4

**Address of Principal Executive Offices:** 20 Enterpise, Suite 400, Aliso Viejo, CA 92656

**Company Phone:** 949-540-9164

**Person to contact:** Robert Kaplan

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount        |
|:---|:---|
| Cash and Cash Equivalents                | $13151829.00  |
| Investment Securities                    | $0.00         |
| Accounts and Notes Receivable            | $10456.00     |
| Property, Plant and Equipment (PP&E)     | $269203808.00 |
| Total Assets                             | $294047488.00 |
| Accounts Payable and Accrued Liabilities | $3889443.00   |
| Long-Term Debt                           | $0.00         |
| Total Liabilities                        | $227836928.00 |
| Total Stockholders' Equity               | $66210564.00  |
| Total Liabilities and Equity             | $294047488.00 |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount       |
|:---|:---|
| Total Revenues                            | $14828571.00 |
| Costs and Expenses Applicable to Revenues | $4996616.00  |
| Depreciation and Amortization             | $1644208.00  |
| Net Income                                | $5090790.00  |
| Earnings Per Share - Basic                | 0.00         |
| Earnings Per Share - Diluted              | 0.00         |

**Auditor Information**

| Metric          | Amount               |
|:---|:---|
| Name of Auditor | Ronald Blue & Co CPA |

### Outstanding Securities

| Class         |   Outstanding | CUSIP   | Publicly Traded   |
|:---|---:|:---|:---|
| Class A Units |             0 |  |  |
|  |             0 |  |  |
|  |             0 |  |  |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Debt

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** Yes

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount       |
|:---|:---|
| Number of securities offered                                    | 75000        |
| Number of securities outstanding                                | 0            |
| Price per security                                              | $1000.00     |
| Issuer's aggregate offering price                               | $75000000.00 |
| Aggregate offering price of securities held by security holders | $0.00        |
| Aggregate price of securities offered concurrently              | $0.00        |
| Total aggregate offering price                                  | $75000000.00 |

**Anticipated Fees**

| Service Provider   | Name                            | Fees      |
|:---|:---|:---|
| Auditor            | Ronald Blue & Co CPA            | $10000.00 |
| Legal              | Whiteford, Taylor & Preston LLP | $75000.00 |
| Promoters          |  | $0.00     |

**Estimated Net Proceeds to the Issuer:** $69000000.00

### Item 5. Jurisdictions in Which Securities are to be Offered

- All States and Territories