Destiny Tech100 files supplement for $1.0B ATM program

Destiny Tech100 Inc. filed Supplement No. 4 to its prospectus and statement of additional information, updating disclosures related to its at-the-market offering program with Jefferies LLC for a maximum offering of $1,000,000,000.

Rhea-AI Filing Summary

Destiny Tech100 Inc. filed Supplement No. 4 to its prospectus and statement of additional information, updating disclosures related to its at-the-market offering program with Jefferies LLC for a maximum offering of $1,000,000,000. The supplement is dated May 11, 2026.

The supplement also states that, effective April 29, 2026, DX Advisors LLC became the Fund's investment adviser under the existing Investment Advisory and Management Agreement, and that there have been no material changes to the agreement's terms, fees, services, or advisory personnel.

Insights

Capital Markets Counsel

Supplement clarifies ATM capacity and adviser change without material contract changes.

The supplement restates the company's at-the-market offering capacity of $1,000,000,000, reflecting the program's ceiling as disclosed. It does not amend the distribution agent or the offering mechanics in the provided excerpt.

Timing and cash-flow treatment are as stated in prior prospectus language; the excerpt does not change proceeds treatment or introduce new distribution methods.

Corporate Governance Analyst

Adviser transition recorded; firm reports no material changes to fees or personnel.

The filing notes an adviser change to DX Advisors LLC effective April 29, 2026 under the existing Advisory Agreement. The supplement explicitly states there have been no material changes to terms, fees, services, or advisory personnel.

Stakeholders may review the Prospectus' "Risk Factors" referenced on page 26 for related disclosures; subsequent filings may provide further operational detail.

Key Figures

ATM capacity: $1,000,000,000 Prospectus supplement date: May 11, 2026 Adviser effective date: April 29, 2026

3 metrics

ATM capacity $1,000,000,000 Maximum offering of common stock under the at-the-market program

Prospectus supplement date May 11, 2026 Supplement No. 4 dated

Adviser effective date April 29, 2026 DX Advisors LLC effective as investment adviser under Advisory Agreement

Key Terms

at-the-market offering, prospectus supplement, Advisory Agreement

3 terms

at-the-market offering financial

"sale of shares of the Company’s common stock pursuant to the "at-the-market offering""

An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.

prospectus supplement regulatory

"This prospectus supplement modifies, amends and supplements certain information contained in the Prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Advisory Agreement corporate

"Investment Advisory and Management Agreement (the "Advisory Agreement") effective as of April 29, 2026"

An advisory agreement is a written contract that spells out the responsibilities, fees and length of time a company hires an outside advisor — such as a financial, strategic or legal consultant — to provide ongoing guidance. For investors, it matters because the agreement sets costs, performance expectations, and any limits or conflicts that can affect a company’s strategy and financial results, similar to seeing the terms of a hired expert before judging their influence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What offering size does Destiny Tech100 Inc. (DXYZ) register in Supplement No. 4?

The supplement states a maximum at-the-market offering capacity of $1,000,000,000. This figure appears on the cover sentence as the program ceiling for common stock sales under the prospectus.

Does DreamTech's supplement change who manages the fund for DXYZ?

Effective April 29, 2026, DX Advisors LLC serves as the Fund's investment adviser under the existing Advisory Agreement. The supplement reports this adviser transition and states there were no material changes to the agreement's terms.

Will the supplement alter fees or advisory personnel for DXYZ?

The supplement expressly states there have been no material changes to the Advisory Agreement, including fees, services provided, or the personnel responsible for advisory and management services to the Fund.

Who is the distribution agent for the at-the-market program referenced by DXYZ?

The supplement references sales pursuant to an at-the-market offering with Jefferies LLC. The excerpt does not change or add alternative distribution agents in the provided text.

Where can investors find risk disclosures mentioned in the supplement for DXYZ?

Investors are directed to the Prospectus' "Risk Factors" beginning on page 26. That section contains the risk disclosures the supplement asks readers to consider alongside the updates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 04:02 PM Learn about SEC filing dates

Filed pursuant to Rule 424(b)(3)

File No. 333-278734

Destiny Tech100 Inc.

Maximum Offering of up to $1,000,000,000

Common Stock

________________

Supplement No. 4 dated May 11, 2026

to the

Prospectus and Statement of Additional Information dated August 8, 2025, as amended or supplemented as of the date hereof

This prospectus supplement modifies, amends and supplements certain information contained in the Prospectus of Destiny Tech100 Inc. (the “Company”) dated August 8, 2025, as amended or supplemented (the “Prospectus”) and the statement of additional information, dated August 8, 2025, as amended or supplemented (the “Statement of Additional Information”), which relate to the sale of shares of the Company’s common stock pursuant to the “at-the-market offering” with Jefferies LLC. Capitalized terms used in this prospectus supplement and not otherwise defined have the meaning specified in the Prospectus and/or Statement of Additional Information.

You should carefully consider the "Risk Factors" section beginning on page 26 of the Prospectus.

Pursuant to an Investment Advisory and Management Agreement (the “Advisory Agreement”) effective as of April 29, 2026, DX Advisors LLC serves as the Fund’s investment adviser. Prior to that date, Destiny Advisors LLC, an entity under common control with DX Advisors LLC, served as the Fund’s investment adviser. There have been no material changes to the terms of the Advisory Agreement (including the fees thereunder), the services provided to the Fund under the Advisory Agreement or the personnel responsible for providing investment advisory and management services to the Fund.