Erik Bruckner

Three pathways power modern capital formation. Reg D fuels early stage growth. Reg CF fuels community driven expansion. Reg A supports national scale and pre IPO readiness. Understanding these tools means understanding how companies actually access capital and grow within the U.S. financial system. #CapitalFormation #RegD #RegCF #RegA #BusinessGrowth All information shared is for educational and informational purposes.

Following a recent antitrust settlement, Constellation will now be the biggest wholesale power provider in the U.S., owning 55 GW of capacity. ⚡️ The antitrust complaint was filed by the U.S. Department of Justice and the state of Texas, who claimed that Constellation’s $26.6 billion acquisition of Calpine would reduce competition and lead to inflated market prices. Estimates show that costs could have risen by over $100 million annually in both ERCOT and PJM. 💵 When the deal was first approved back in July, FERC had originally required Constellation to sell four PJM-based power plants with a combined capacity of 3,550 MW. In total, the DOJ/Texas settlement now requires Constellation to sell six power plants and a minority stake in a seventh. Additional plants include: 1️⃣ Calpine’s 828-MW York 2 Energy Center, a dual-fuel plant in Delta, Pa. 2️⃣ Calpine’s 609-MW Jack A. Fusco Energy Center, a gas-fired power plant near Houston 3️⃣ Calpine’s 19-MW minority stake in the Gregory power plant, a gas-fired power plant near Corpus Christi, Texas This is the first settlement consent decree filed by the DOJ’s antitrust division pertaining to the electricity industry in roughly 14 years. What do you think of this acquisition? Share your thoughts below. Link to the full article in the comments ⬇️ Source: Utility Dive 12/8/2025 Disclaimer: Nothing in this post constitutes investment advice. #electricity #powerdemand #powergrid #energy

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Great overview of the Florida VC ecosystem 👇 What stands out is not just the ~$2.85B raised, but how distributed and specialized each region is becoming. • South Florida → crypto, fintech, LatAm access • Tampa Bay → strong early-stage pipeline • Orlando/Space Coast → deep tech, defense, space • North Florida → emerging operator-led funds Tax advantages help, but the real story is growing density of founders, angels, and operators building locally. Still early compared to SF and NY, which is the opportunity. Who are the next Florida-based funds or angels getting active?

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What’s old is new. Funny to watch VCs flood back to out-of-favor business models—hardware-enabled software, marketplaces, consumer tech—which are now viewed as more defensible because AI can't easily replicate physical infrastructure, network effects, or brand.

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EnerTech Expands its Innovation Platform Through a Partnership with Restructuring Company Steinberg Advisory “We are thrilled to have Steinberg Advisory as a partner on our expanded services platform. Howard and I have known one another for over 25 years and worked together at RBC Capital Partners earlier in our careers. Howard and his team have developed a platform of core services that will be a valuable resource for both our firm and our broader network of Corporate LPs and co-investors,” said Wally Hunter, Managing Partner at EnerTech Capital.

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