Business Context and Reporting Period
This Form 8-K Current Report is filed by Belpointe PREP, LLC (a Delaware limited liability company, trading as "Belpointe OZ" on NYSE American under symbol "OZ"). The report covers events occurring on December 19, 2024, and December 31, 2024.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event notification and does not contain financial statements or performance metrics.
Material Changes
The primary material event reported is the adjournment of the Company's Annual Meeting of Unitholders:
- Original Date: December 19, 2024, at 12:00 p.m. E.T.
- Reason for Adjournment: A quorum (minimum number of units required to conduct business) was not present in person or by proxy.
- Reconvened Date: Friday, January 24, 2025, at 12:00 p.m. E.T.
- Location: 255 Glenville Road, Greenwich, Connecticut 06831.
Guidance, Outlook, and Management Commentary
Management Commentary:
- The record date for the meeting remains October 30, 2024.
- There are no changes to the agenda or items of business to be voted upon.
- Unitholders who have already submitted proxies or voted do not need to take additional action unless they wish to change their vote.
- Investors are encouraged to review the definitive proxy statement on Schedule 14A filed on November 5, 2024.
Risks and Contingencies: The filing notes that the information contained herein is not deemed "filed" for purposes of Section 18 of the Exchange Act and shall not be incorporated by reference into other filings, except as expressly set forth.
Important Facts for Investors to Verify
- Confirm the new meeting date of January 24, 2025, and whether attendance is required in person or if remote voting options remain available.
- Review the Schedule 14A proxy statement (filed November 5, 2024) to understand the specific proposals up for vote, as the agenda remains unchanged.
- Verify if the lack of a quorum at the initial meeting indicates broader unitholder engagement issues or logistical barriers to voting.
- Check for any subsequent press releases or filings regarding the outcome of the reconvened meeting in January 2025.