[Federal Register Volume 87, Number 208 (Friday, October 28, 2022)]
[Notices]
[Page 65279]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23522]


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SMALL BUSINESS ADMINISTRATION

[License No. 03/03-0290]


Canapi Ventures SBIC Fund II, L.P.; Notice Seeking Exemption 
Under Section 312 of the Small Business Investment Act, Conflicts of 
Interest

    Notice is hereby given that Canapi Ventures SBIC Fund II, L.P., 801 
17th Street NW, Suite 1050, Washington, DC 20006, a Federal Licensee 
under the Small Business Investment Act of 1958, as amended (``the 
Act''), in connection with the financing of a small concern, has sought 
an exemption under Section 312 of the Act and 13 CFR 107.730, 
Financings which constitute conflicts of interest of the Small Business 
Administration (``SBA'') regulations. An Associate of Canapi Ventures 
SBIC Fund II, L.P. owns more than 10% of the equity interests in Elpha 
Secure Technology Inc., 576 Fifth Avenue, Suite 903, New York, NY 
10036, thereby making Elpha Secure Technology Inc. an Associate.
    The financing is brought within the purview of Sec.  107.730(a) of 
the regulations because Canapi Ventures SBIC Fund II, L.P. and Elpha 
Secure Technology Inc. are Associates and Canapi Ventures SBIC Fund II, 
L.P. is seeking to invest capital in Elpha Secure Technology Inc. 
Therefore, this transaction is considered financing an Associate, 
requiring a prior SBA exemption.
    Notice is hereby given that any interested person may submit 
written comments on the transaction, within fifteen days of the date of 
this publication, to the Associate Administrator, Office of Investment 
and Innovation, U.S. Small Business Administration, 409 Third Street 
SW, Washington, DC 20416.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, U.S. 
Small Business Administration.
[FR Doc. 2022-23522 Filed 10-27-22; 8:45 am]
BILLING CODE 8026-09-P