Type:Notice
Citation:90 FR 13974
Reading Time:less than a minute
The United States Small Business Administration has revoked the license of the Stonehenge Opportunity Fund III-B, L.P. as a small business investment company. This action was taken under the authority of Section 309 of the Small Business Investment Act of 1958 and 13 CFR 107.1900. As a result, the license held by Stonehenge Opportunity Fund III-B, L.P. is now null and void. The decision was announced by Thomas Morris, Director of Patient Capital Investments.
Simple Explanation
The people in charge decided that a company called Stonehenge Opportunity Fund III-B, L.P. isn't allowed to help small businesses anymore. They took away its special permission slip, so now the company can't keep doing that job.