Quartermaster AI Discloses $122.65 Million Equity Sale to 17 Investors

Quartermaster AI has put more than $122 million in reported equity sales on the public record, with 17 investors participating and about $1 million still available under the stated offering. The company disclosed those figures in a new SEC Form D filed September 29, 2026—a notice of an exempt securities offering, not a public stock sale.

A narrow amount remains under the offering

The notice separates the total offering amount from securities already sold. Quartermaster AI lists a $123,649,412 offering and $122,649,481 sold, leaving $999,931 remaining. The larger figure is therefore the stated offering ceiling, not the amount the company reports having sold.

The company identifies the securities as equity and claims the Rule 506(b) exemption. It marked the document as a new notice rather than an amendment. It also says the offering is not connected to a business combination, a category the form describes with examples including mergers, acquisitions and exchange offers.

$123,649,412Total offering

The stated total amount of the equity offering.

$122,649,481Reported sold

The amount Quartermaster AI reports as sold in the notice.

$999,931Remaining

The amount still listed for sale under this offering.

Sales began before the disclosure

Quartermaster AI gives September 14, 2026, as the date of first sale. Chief Executive Officer Neil Sobin signed the notice on September 29. Those dates distinguish the start of the securities sale from the disclosure: the new filing records an offering that had already begun, rather than a future fundraising target.

The company says it does not intend the offering to last more than one year. That entry describes its intended duration; it does not provide a specific closing date or say who will purchase the remaining securities.

The company and people named

The issuer is Quartermaster AI, Inc., a Delaware corporation formed in 2024. It lists its principal place of business in Arlington, Virginia, and selects “Other Technology” as its industry group. The filing names three people in its section for executive officers, directors and promoters:

• Neil Sobin is listed as an executive officer and director, and signs the notice as chief executive officer.
• William Trenchard is listed as a director.
• Nick Sinai is listed as a director.

Expense entries are not a spending plan

Quartermaster AI reports $0 in sales commissions and $0 in finder's fees. It also lists $0 of gross proceeds used or proposed for payments to the executive officers, directors or promoters named in the form. That last entry addresses payments to those people, not a breakdown of how the company will deploy the financing.

Scale is visible; financial context is not

Quartermaster AI declined to disclose its revenue range. The notice also does not name the 17 investors or provide a valuation, share price or ownership stakes. The reported sales total therefore shows the size of the securities offering, but cannot tell readers what buyers paid for each share or how much of the company they acquired.

The Form D carries an explicit SEC warning: the agency has not necessarily reviewed the information or determined whether it is accurate and complete. These are the company's disclosures, not SEC-verified financial results. Filing the notice places those figures on the public record; it does not turn them into an agency endorsement.