The Small Business Administration (SBA) announced that the license of High Peaks Seed Ventures, L.P., to operate as a Small Business Investment Company (SBIC) is now null and void. This decision was made under the authority of the Small Business Investment Act of 1958 as well as the Code of Federal Regulations. The license number in question was 02/02-0650. Paul Salgado, the Director of Investment Portfolio Management at the SBA, is the official who declared this action.
Simple Explanation
In this official announcement, the Small Business Administration (SBA) is saying that a company called High Peaks Seed Ventures can't run as a special kind of business helper anymore, and they don't tell us why.