Filed pursuant to Rule 424(b)(3)
File No. 333-296216
Destiny Tech100 Inc.
Maximum Offering of up to $1,000,000,000
Common Stock
________________
Supplement No. 1 dated
August 28, 2026
to the
Prospectus and Statement
of Additional Information dated May 26, 2026, 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 May 26, 2026, as
amended or supplemented (the “Prospectus”), and the statement of additional information, dated May 26, 2026, 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 24 of the Prospectus.
Net Asset Value
In connection with our regular net asset value
determination process, as provided in our valuation policies and procedures, our net asset value as of June 30, 2026, is $34.30 per
share of our common stock.
Portfolio
The following table sets forth certain information
as of June 30, 2026, for each portfolio company in which we have invested. The percentage of portfolio column is based on an approximate
portfolio value of $1.64 billion as of June 30, 2026.
| Portfolio Company |
Nature of Principal Business |
Underlying Security Type |
% of Portfolio |
| AlpacaDB, Inc. |
Financial Technology |
Common Stock |
0.1% |
| Astranis Space Technologies Corp. - Series E Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.2% |
| Automation Anywhere, Inc. |
Enterprise Software |
Common Stock |
0.0% |
| Axiom Space, Inc. Series C Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.1% |
| Axiom Space, Inc. Series C-1 Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.2% |
| Beast Industries Co. - Series C Preferred Stock |
Social Media |
Preferred Stock |
0.9% |
| Boom Technology, Inc. Series B-2 Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.1% |
| CElegans Labs, Inc. |
Financial Technology |
Common Stock |
0.1% |
| Chime Financial Inc. |
Financial Technology |
Common Stock |
0.1% |
| ClassDojo, Inc. |
Education Services |
Common Stock |
0.1% |
| DA-1125 Gaingels Fund II (invested in Databricks, Inc. Series L Preferred Stock) |
Enterprise Software |
Preferred Stock(1) |
0.5% |
| Discord, Inc. |
Social Media |
Common Stock |
0.0% |
| Discord, Inc. - Series G Preferred Stock |
Social Media |
Preferred Stock |
0.0% |
| DXYZ OAI I LLC (economic exposure to OpenAI Group PBC Profit Participation Units) |
Artificial Intelligence |
Profit Participation Units(2) |
0.5% |
| DXYZ SpaceX I LLC (economic exposure to Space Exploration Technologies Corp. Class A Common Stock) |
Artificial Intelligence |
Common Stock(2)(5) |
7.0% |
| Flexport, Inc. |
Supply Chain/Logistics |
Common Stock |
0.0% |
| G Squared Special Situations Fund, LLC - Series H-1 |
Financial Technology |
N/A(4) |
0.0% |
| Goanna Capital 26E LLC (invested in OpenAI Group PBC Series C Preferred Stock) |
Artificial Intelligence |
Preferred Stock(1) |
2.1% |
| Hermeus Corporation - Series C Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.9% |
| Hexagon Master LLC - Series 1 (invested in Ferox Games B.V. Series F Preferred Stock) |
Artificial Intelligence |
Preferred Stock(1) |
0.7% |
| Impossible Foods, Inc. - Series A Preferred Stock |
Food Products |
Preferred Stock |
0.0% |
| Jeeves, Inc. - Series C Preferred Stock |
Financial Technology |
Preferred Stock |
0.0% |
| Khosla Ventures IFSPV II, LLC (invested in Impossible Foods, Inc., Series H Preferred Stock) |
Food Products |
Preferred Stock(1) |
0.0% |
| Klarna Group PLC |
Financial Technology |
Common Stock |
0.0% |
| Klarna Group PLC Class B Shares |
Financial Technology |
Non-Economic Voting Shares |
0.0% |
| Lemonade 18, LLC (invested in Monzo Bank Holding Group Limited F Ordinary Shares) |
Financial Technology |
Common Stock(1) |
0.4% |
| Magnitude ANC III, LLC (economic exposure to Anthropic PBC Series B Preferred Shares) |
Artificial Intelligence |
Preferred Stock(2) |
14.4% |
| MCTC Investment Holdings (Delaware) LLC (invested in Databricks, Inc. Series L Preferred Stock) |
Enterprise Software |
Preferred Stock(1) |
0.7% |
| Mercury Technologies, Inc. - Series D Preferred Stock |
Financial Technology |
Preferred Stock |
0.9% |
| MWAM VC SpaceX-II, LLC (economic exposure to Space Exploration Technologies Corp. Class A Common Stock) |
Artificial Intelligence |
Common Stock(2) |
2.0% |
| Payward, Inc. - Series C Preferred Stock |
Financial Technology |
Preferred Stock |
0.3% |
| Prive Tens, LLC (invested in Tenstorrent Holdings Inc., 15.00% 12/31/2026) |
Hardware & Manufacturing |
Convertible Note(1) |
0.8% |
| Public Holdings, Inc. |
Financial Technology |
Common Stock |
0.0% |
| Redwood Materials, Inc. |
Energy Production |
Common Stock |
0.3% |
| Revolut Group Holdings Ltd. |
Financial Technology |
Common Stock |
1.0% |
| Rhenium Bolt 2021, LLC |
Financial Technology |
N/A(3) |
0.0% |
| Skild AI, Inc. - Series C Preferred Stock |
Artificial Intelligence |
Preferred Stock |
0.7% |
| Snowpoint Growth 2.5, LLC (invested in Shield AI Inc. Series F1 Preferred Stock) |
Aviation/Aerospace |
Preferred Stock(1) |
1.8% |
| Snowpoint Growth 2.6, LLC (invested in Space Exploration Technologies Corp. Class A Common Stock) |
Artificial Intelligence |
Common Stock(1) |
1.5% |
| Snowpoint Growth 2.7, LLC (invested in Astranis Space Technologies Corp. Series E Preferred Stock) |
Aviation/Aerospace |
Preferred Stock(1) |
0.3% |
| SP21Z Opportunities LLC (invested in OpenEvidence Inc. Common Stock) |
Artificial Intelligence |
Common Stock(1) |
2.1% |
| Supabase, Inc. - Series A Preferred Stock |
Enterprise Software |
Preferred Stock |
0.2% |
| Superhuman Platform, Inc. |
Enterprise Software |
Common Stock |
0.0% |
| Vast, Inc. - Series A Preferred Stock |
Aviation/Aerospace |
Preferred Stock |
0.3% |
| Vercel Inc. - Class A Common Stock |
Enterprise Software |
Common Stock |
0.2% |
| WH Strategic Opportunities Fund V LP (invested in Chaos Industries, Inc. Series D Preferred Stock) |
Hardware & Manufacturing |
Preferred Stock(1) |
1.0% |
| First American Treasury Obligations, Class X, 3.58% |
Money Market Fund |
Mutual Fund |
57.3% |
| Total |
|
|
99.8% |
Values may not sum due to rounding.
(1) The Company has a direct investment in a Special
Purpose Vehicle (“SPV”) which has invested in an underlying portfolio company. If applicable, the number of units presented
are the units in the SPV owned by the Company, which represents the equivalent number of securities of the underlying portfolio company
for which the investment has economic exposure.
(2) The Company has a direct investment in an
SPV which has economic exposure to an underlying portfolio company. The number of units presented, if applicable, are the units in the
SPV owned by the Company, which represents the equivalent number of securities of the underlying portfolio company for which the investment
has economic exposure. The SPV has invested through one or more underlying SPVs.
(3) During the year ended December 31, 2024, the
SPV disposed of the underlying asset. As of June 30, 2026, the SPV does not hold any underlying assets.
(4) During the period ended June 30, 2026, the
SPV disposed of the underlying asset. As of June 30, 2026, the SPV does not hold any underlying assets.
(5) The SPV has invested through multiple underlying
SPVs, some of which have more than one layer, resulting in the related economic exposure to the Company.
| Portfolio Company |
Nature of Principal Business |
Underlying Security Type |
% of Portfolio |
| Fund FG-RTA, a series of Forge Investments LLC (economic exposure to Stripe, Inc., Common Stock) |
Financial Technology |
Forward Contract(6) |
0.2% |
| Fund FG-TQY, a series of Forge Investments LLC (economic exposure to Plaid, Inc., Common Stock) |
Financial Technology |
Forward Contract(6) |
0.0% |
| Total |
|
|
0.2% |
Values may not sum due to rounding.
(6) Investment is an SPV that holds multiple forward
agreements that represent common shares of the indicated portfolio company. Forward contracts involve the future delivery of shares of
a portfolio company upon such securities becoming freely transferable or the removal of restrictions on transfer. The aggregate total
of the forward contracts for each SPV represents less than 5% of the Company’s net assets. The counterparties to the forward contracts
are the shareholders of the private company who own the restricted shares. The Company does not have information as to the identities
of the specific counterparties (the shareholders of the private company); however, counterparty risk is mitigated by the fact that there
is not a single counterparty on the opposite side of the forward contracts and the sole obligation of the counterparties is to transfer
shares following such time as the shares become freely transferable.
Portfolio Deployment Update
Subsequent to the quarter ended June 30, 2026,
we continued to actively deploy capital. As of August 27, 2026, we fully closed 3 additional investments representing approximately $169.0
million in added portfolio exposure, as described below, which we funded using our existing cash and cash equivalents.
On August 13, 2026, we invested an additional
$150.0 million in Goanna Capital 26E LLC (invested in OpenAI Group PBC Class A Common Stock).
On July 16, 2026, we invested $15.0 million in
Magnitude FSTK, LLC (invested in Fluidstack Ltd Series B Preferred Shares).
On August 4, 2026, we invested $4.0 million in
Boom Technology, Inc. through a Simple Agreement for Future Equity.
New Investments
A summary of the Company’s investments in new
portfolio companies made subsequent to June 30, 2026, and a brief description of their respective business activities is provided below.
Fluidstack Ltd
Fluidstack Ltd is a New York-based AI service
provider that designs and operates large-scale GPU clusters and data centers for frontier AI laboratories and enterprises. By securing
power, data center capacity, and financing through long-term partnerships rather than owning infrastructure outright, the company delivers
gigawatt-scale compute on timelines well ahead of industry norms, positioning the business as critical infrastructure for the continued
buildout of frontier AI.
At-the-Market Offering
From April 1, 2026 through June 30, 2026, we sold
a total of 17,191,674 shares of common stock at a weighted average price of $41.82 per share under the Open Market Sale AgreementSM with
Jefferies LLC. The net proceeds as a result of these sales of common stock were $715,442,732, after deducting commissions and fees.
