WORTHY PEER CAPITAL, INC.

Key economics

Preferred return

—

Hurdle rate

—

LP / GP split

—

GP catch-up

—

GP clawback

—

GP commitment

—

Diligence findings (18 · 5 high/critical)

• high
  DDQ gap: Does the fund engage an independent auditor?The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
• high
  DDQ gap: Does the fund have a GP clawback provision?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
• high
  DDQ gap: What is the LP/GP carried-interest split above the preferred return?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
• high
  DDQ gap: What is the preferred return (hurdle) rate offered to LPs?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
• high
  Numeric inconsistency — Worthy Demand Bonds Maximum Offering AmountThe Worthy Demand Bonds maximum offering size is stated two ways: the cover/summary repeatedly sets it at $60,000,000 ($59,920,000 cash plus $80,000 in rewards), but the 'Description of the Worthy Bonds — Worthy Demand Bonds — General' section caps it at $50 million, understating the demand-bond offering by $10 million.
• medium
  DDQ gap: Does the fund use a third-party fund administrator?The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
• medium
  DDQ gap: Is there a GP catch-up, and at what rate?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
• medium
  DDQ gap: What distribution-waterfall structure does the fund use?The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.
• medium
  DDQ gap: What is the GP's capital commitment (skin in the game)?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
• medium
  Numeric inconsistency — $60,00,000 demand-bond figureThe 'History' narrative renders the demand-bond offering amount as the malformed figure '$60,00,000' (missing a digit/comma group) where every other reference states $60,000,000, so the figure as printed reads as $6 million.
• low
  Broken cross-reference — Beneficial-ownership table footnotesThe beneficial-ownership table footnote series is broken: footnote '(2)' is defined twice with different content, and the Pohlman Living Trust row carries a '(4)' callout but no '(4)' definition exists — the trailing definition is mislabeled '(3)', so the footnote callouts do not resolve to their definitions.
• low
  Broken cross-reference — Description of the Worthy Bonds page referenceThe cover page directs readers to 'Description of the Worthy Bonds' beginning on page 46, but the Offering Summary cites the same section as beginning on page 45 — the two page citations disagree.
• low
  Broken cross-reference — Worthy Demand Bond Rewards Program page referenceThe cover page locates the 'Plan of Distribution – Worthy Demand Bond Rewards Program' discussion on page 52, while the Offering Summary cites it on page 51 — inconsistent internal page pointers to the same discussion.
• low
  Spelling / typo — Worth Fintech PlatformThe defined term 'Worthy Fintech Platform' is misspelled 'Worth Fintech Platform' (missing the 'y') in the IRA-fee sentence; the correct form appears in the very next sentence.
• info
  Spelling / typo — Bonds Being OfferingThe Offering Summary section heading reads 'Bonds Being Offering' — a grammatical error; it should read 'Bonds Being Offered'.
• info
  Spelling / typo — plus or mins adjustmentsThe investment-accounting policy misspells 'minus' as 'mins' — 'plus or mins adjustments' — appearing in both the annual and interim financial-statement notes.
• info
  Spelling / typo — worrthybonds.comThe company's website URL is misspelled with a doubled 'r' as 'worrthybonds.com', whereas it is correctly given elsewhere as worthybonds.com.
• info
  Spelling / typo — Worthy Rewal BondsThe Events of Default provision for the renewable bonds misspells 'Renewal' as 'Rewal' — 'the Worthy Rewal Bonds'.

DDQ readiness — 38% covered

5 answered · 0 partial · 8 gaps of 13 standard questions.