# EDGAR Filing Document

**Accession Number:** 0001905379
**File Stem:** 0001206774-26-000291
**Filing Date:** 2026-5
**Character Count:** 9193
**Document Hash:** e994099359cf14f8cb2ede79c9852d3a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001206774-26-000291.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001206774-26-000291

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Innovation Access Fund
- **CENTRAL INDEX KEY:** 0001905379

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95590
- **FILM NUMBER:** 261008640

**BUSINESS ADDRESS:**
- **STREET 1:** 350 MADISON AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (212)716-6840

**MAIL ADDRESS:**
- **STREET 1:** 350 MADISON AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Innovation Access Fund
- **CENTRAL INDEX KEY:** 0001905379

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 350 MADISON AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (212)716-6840

**MAIL ADDRESS:**
- **STREET 1:** 350 MADISON AVENUE
- **STREET 2:** 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**SECURITIES AND EXCHANGE COMMISSION**<br> **Washington, DC 20549**

**SCHEDULE TO**

**Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)<br> of the Securities Exchange Act of 1934**

**(Amendment No. 1)**

**Innovation Access Fund**<br> (Name of Issuer)

**Innovation Access Fund**<br> (Name of Person(s) Filing Statement)

**Class A, Class W and Class I Shares of Beneficial Interest**

(Title of Class of Securities)

**N/A**

(CUSIP Number of Class of Securities)

**Jennifer Shufro<br> SilverBay Capital Management LLC<br> 350 Madison Avenue, 20th Floor<br> New York, NY 10017<br> (212) 716-6840**

(Name, Address and Telephone Number of Person Authorized to Receive<br> Notices and Communications on Behalf of the Person(s) Filing Statement)

With a copy to:

**George M. Silfen, Esq.<br> Alston & Bird LLP<br> 90 Park Avenue<br> New York, NY 10016**

---

| | |
|:---|:---|
| ☐ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
| Check the appropriate boxes below to designate any transactions to which the statement relates: | Check the appropriate boxes below to designate any transactions to which the statement relates: |
| ☐ | third-party tender offer subject to Rule 14d-1. |
| ☒ | issuer tender offer subject to Rule 13e-4. |
| ☐ | going-private transaction subject to Rule 13e-3. |
| ☐ | amendment to Schedule 13D under Rule 13d-2. |
| Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ | Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ |

---

**INTRODUCTORY STATEMENT**

This Amendment No. 1 to the Schedule TO (this "Amendment") amends and supplements the Issuer Tender Offer Statement on Schedule TO (the "Schedule TO") originally filed with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2026 by Innovation Access Fund (the "Fund"), and relates to an offer by the Fund to exchange up to $17 million of the currently issued and outstanding shares of beneficial interests of the Fund (the "Shares"), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 30, 2026.

This Amendment is intended to satisfy the reporting requirements of Rule 13e-4(c)(2) and Rule 13e-4(c)(3) promulgated under the Securities Exchange Act of 1934. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase.

**ITEMS 1-11.**

Items 1 through 11 of the Schedule TO, to the extent they incorporate by reference information contained in the Offer to Purchase, are hereby amended as follows:

***Withdrawal of Tender Offer***

On May 21, 2026, the Fund terminated the Offer pursuant to the conditions described in the Offer to Purchase. The termination of the Offer was effected pursuant Section 8 of the Offer to Purchase, which permits the Fund to cancel the Offer if the Board determines that the purchase of Shares pursuant to the Offer is not in the best interests of the Fund. In reaching its determination, the Board considered relevant factors, including an indication from the Fund's sole shareholder (when the Offer commenced) that it does not intend to withdraw capital from the Fund at this time, thereby removing the anticipated need for liquidity that the Offer was intended to address. The Board also considered that continuation of the Offer under these circumstances could give rise to unnecessary or misleading signals to the marketplace, including a potential misperception of a likely reduction in the Fund's assets under management. Based on these considerations, the Board determined that it was not in the best interests of the Fund or its shareholders for the Fund to proceed with the Offer. Accordingly, the Board authorized the termination of the Offer.

The Offer was terminated prior to the tendering of any Shares to the Fund for repurchase.

**ITEM 12. EXHIBITS.**

Reference is hereby made to the following exhibits, which collectively constitute the Offer to Shareholders and are incorporated herein by reference:

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| | |
|:---|:---|
| [(a)(1)(i)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1i.htm) | [Cover Letter to Offer to Purchase and Letter of Transmittal.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1i.htm) |

---

[(a)(1)(ii)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1ii.htm) [Offer to Purchase.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1ii.htm)

[(a)(1)(iii)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iii.htm) [Forms of Letter of Transmittal.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iii.htm)

[(a)(1)(iv)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iv.htm) [Forms of Notice of Withdrawal of Tender.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iv.htm)

---

| | |
|:---|:---|
| [(a)(1)(v)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1v.htm) | [Form of Letter from the Fund to Shareholders in connection with the Fund's acceptance of tenders of Shares.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1v.htm) |

---

[(b)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99b.htm) [Calculation of the Filing Fee Tables.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99b.htm)

(c) Financial Statements of the Fund.

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set out in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **INNOVATION ACCESS FUND** | **INNOVATION ACCESS FUND** |
| By: | /s/ Greg Jakubowsky |
|  | Name: Greg Jakubowsky |
|  | Title: President |

---

May 21, 2026

**EXHIBIT INDEX**

<u>EXHIBITS</u>

---

| | |
|:---|:---|
| [(a)(1)(i)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1i.htm) | [Cover Letter to Offer to Purchase and Letter of Transmittal.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1i.htm) |

---

[(a)(1)(ii)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1ii.htm) [Offer to Purchase.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1ii.htm)

[(a)(1)(iii)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iii.htm) [Forms of Letter of Transmittal.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iii.htm)

[(a)(1)(iv)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iv.htm) [Forms of Notice of Withdrawal of Tender.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1iv.htm)

---

| | |
|:---|:---|
| [(a)(1)(v)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1v.htm) | [Form of Letter from the Fund to Shareholders in connection with the Fund's acceptance of tenders of Shares.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99a1v.htm) |

---

[(b)](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99b.htm) [Calculation of the Filing Fee Tables.](https://www.sec.gov/Archives/edgar/data/1905379/000120677426000258/iaf4628541-ex99b.htm)

(c) Financial Statements
 of the Fund.