# ACQUA1: Tokenized Equity in the LM Labs Operating Company > ACQUA1, LLC is a Delaware limited liability company, managed by Liquid Mercury and taxed as a corporation, that operates Liquid Mercury's Lab Company program (LM Labs). It licenses Liquid Mercury's trading and tokenization technology to Lab Companies and is paid in license fees, service fees, and a minority equity position in each. ACQUA1 tokens represent non-voting Class B membership interests in ACQUA1, LLC, offered to verified accredited investors under Reg D Rule 506(c). Liquid Mercury holds the Class A units and retains the majority. Dollar price per token, minimum subscription, ownership split, and offering size are in the private placement memorandum and are shared with verified accredited investors on request. ## Key facts - **Issuer:** ACQUA1, LLC (Delaware). Manager: Option Technologies Solutions International, LLC d/b/a Liquid Mercury - **Security:** Non-voting Class B membership interests, represented on-chain by ACQUA1 tokens. Class B shares distributions pro rata with Liquid Mercury's Class A units - **Offering type:** Reg D Rule 506(c), accredited investors verified through documentation. A MERC conversion offering plus a concurrent cash offering at the same price per token - **Conversion rate:** 10 MERC per ACQUA1 token at the initial closing; the company may adjust the rate for later closings by supplement - **Closings:** Initial closing September 1, 2026 (complete). Second closing on or about October 30, 2026. Final closing on or about December 31, 2026. No subscriptions accepted after December 31, 2026 - **MERC handling:** MERC is held in a company-controlled escrow wallet and 100% of MERC received at each closing is burned to a dead address within five business days. Liquid Mercury never receives it. The MERC from the initial closing was burned on Ethereum on September 2, 2026 - **Delivery:** Tokens are delivered to a whitelisted wallet, self-custodied or at a qualified custodian such as BitGo Trust - **Transfer restrictions:** One-year lockup from each closing requiring Manager consent; transferees must be verified accredited investors with whitelisted wallets. No public market exists. Rule 144 may not be available - **Proceeds:** The company retains no proceeds. MERC is burned; cash-offering proceeds are paid to Liquid Mercury as consideration for the contributed business; offering expenses are borne by Liquid Mercury - **Governance:** Sole Manager is Liquid Mercury. Class B has no voting rights. Annual financial statements within 180 days of year end. Distributions at the Manager's discretion, pro rata across Class A and Class B - **Tax:** Taxed as a corporation. Distributions reported on Form 1099-DIV; no K-1s - **Gated terms:** Dollar price per token, minimum subscription, ownership split, and offering size are shared with verified accredited investors via the contact form ## Lab Companies (equity held by ACQUA1, as of 2026-09) - **TokenBloq:** Tokenized private capital marketplace; JV with Fernhill Corp (OTC: FERN) - **Stratofied:** Tokenized private student loan marketplace - **ISO:** Institutional crypto options execution network; transaction pending, expected to close Q4 2026 - **Annex Mercantile & Exchange:** Circular supply chain re-commerce ## Platform clients (fee basis, no ACQUA1 equity) - **Champion Venture Partners (CVP):** Sports and sports-adjacent asset holding company; private secondary marketplace powered by Liquid Mercury ## Canonical pages - [Home](https://acqua1.liquidmercury.com/): overview - [Offering](https://acqua1.liquidmercury.com/offering): structure, subscription mechanics, closing schedule, management, risk factors - [Portfolio](https://acqua1.liquidmercury.com/portfolio): Lab Companies and platform clients - [FAQ](https://acqua1.liquidmercury.com/faq): investor questions answered - [Contact](https://acqua1.liquidmercury.com/contact): request the offering memorandum - Company bios: - [TokenBloq](https://acqua1.liquidmercury.com/company-bios/tokenbloq) - [Stratofied](https://acqua1.liquidmercury.com/company-bios/stratofied) - [ISO](https://acqua1.liquidmercury.com/company-bios/iso) - [Annex](https://acqua1.liquidmercury.com/company-bios/annex) - [Champion Venture Partners](https://acqua1.liquidmercury.com/company-bios/cvp) ## Required disclaimer ACQUA1 tokens are offered under Regulation D, Rule 506(c) of the Securities Act of 1933. This is not an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful. Available to accredited investors only. Past performance is not indicative of future results. Investing involves risk including potential loss of principal. ## Network - Liquid Mercury (parent and Manager): https://www.liquidmercury.com - $MERC token: https://merc.liquidmercury.com