Overview
Cannell Capital LLC, a Wyoming limited liability company, formerly known as James Carlo
Cannell D/B/A Cannell Capital Management (“Cannell Capital” or the “Firm”) is an
investment adviser registered with the United States Securities and Exchange Commission
(“SEC”). Cannell Capital was founded in 1996 and is wholly owned by James Carlo Cannell.
Mr. Cannell is the sole Managing Member of the Firm.
Pampanito Corporation (“Pampanito”), a California corporation affiliated with Cannell
Capital that was founded in 2008, is a “relying adviser” to Cannell Capital in reliance on the
SEC No-Action Letter to the American Bar Association’s Subcommittee on Hedge Funds,
Dated January 18, 2012. Pampanito also does business as Cannell Capital Corporation and is
wholly owned by Mr. Cannell. Unless specified otherwise, references in this brochure to
“Cannell Capital” or “Firm” includes both Cannell Capital and Pampanito.
Cannell Capital provides investment advisory and sub-advisory services on a discretionary
basis to pooled investment vehicles that are structured as limited partnerships, limited
liability companies or corporations, and which comply with Section 3(c)(1) or 3(c)(7) of the
Investment Company Act of 1940, as amended (individually a “Fund”, collectively “Funds”).
Cannell Capital also provides investment advisory and sub-advisory services on a
discretionary basis to some separately
managed accounts.
The Firm manages each Fund in accordance with one or more alternative asset investment
strategies described in Item 8 of this brochure. Subject to the investment objectives,
restrictions and policies stated in each Fund’s respective offering documents, Cannell Capital
is contracted as the investment manager responsible for determining which general
investment strategies are to be employed in managing the Fund’s portfolios to achieve each
Fund’s respective investment objective. Cannell Capital is responsible for the actual
management of each Fund’s portfolios including the selection of portfolio securities.
A client cannot impose restrictions on investing in certain securities or types of securities
except as negotiated on a case-by-case basis and reflected in the relevant agreement between
Cannell Capital and the relevant client.
Persons reviewing this brochure should not construe it as an offering of any Fund described
herein. Fund offerings will only be made pursuant to the delivery to prospective investors of
confidential offering documents, which will describe certain risk factors, conflicts of interest,
investment objectives and other important information regarding the Fund.
As of December 31, 2023, Cannell Capital managed $851,813,961 on a discretionary basis.
This figure reflects regulatory assets under management as reflected in Part 1 of the ADV.
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