BRQL · DYNAMIC AEROSPACE SYSTEMS Corp · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“Management considered our current financial condition and liquidity sources, including current funds available, forecasted future cash flows and our obligations due before August 10, 2027, and concluded that, without additional funding, we will not have sufficient funds to meet our obligations within one year from the date the financial statements were issued. Without raising additional capital, there is substantial doubt about our ability to continue as a going concern through August 10, 2027.”View the 10-Q filed Aug 10, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-04-09 | HOOPS ROBIN |
CHIEF FINANCIAL OFFICER |
Award↑
Filing footnotes — COMMON STOCK (Direct)
THE REPORTING PERSON RECEIVED 500,000 RESTRICTED STOCK UNITS ("RSUs")ON APRIL 9, 2026. THE RSUs VEST 10% ON APRIL 9, 2027; 30% ON APRIL 9, 2028; AND THE REMAINING 60% ON APRIL 9, 2029. EACH RSU REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF THE ISSUER'S COMMON STOCK. THE SECURITIES REPORTED CONSIST OF RSUs, NONE OF WHICH HAD VESTED AS OF THE DATE OF THIS FORM 4. WHEN VESTED, THE RSUs WILL BE SETTLE IN SHARES OF THE ISSUER'S COMMON STOCK SIC (6) MONTHS AFTER THE VESTING DATE. |
COMMON STOCK
|
500,000 |
| 2025-12-23 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Gift↓
Filing footnotes — COMMON STOCK (Direct)
CHARITABLE GIFT TO MARK MARTIN MINISTRIES OF GROVELAND, FL. |
COMMON STOCK
|
200,000 |
| 2025-12-15 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Other↓
Filing footnotes — SERIES A PREFERRED STOCK (Direct)
PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO OR EXCHANGED FOR SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT OR EXCHANGE INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO OR EXCHANGEABLE FOR THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. |
SERIES A PREFERRED STOCK
|
100,000 |
| 2025-12-15 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Other↑
Filing footnotes — COMMON STOCK (Direct)
PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO OR EXCHANGEABLE FOR THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO OR EXCHANGED FOR SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT OR EXCHANGE INTO THE ISSUER'S COMMON STOCK. |
COMMON STOCK
|
300,000 |
| 2025-12-12 | HAIL JEFFREY |
Director, CHIEF OPERATING OFFICER |
Award↑
Filing footnotes — COMMON STOCK (Direct)
THE REPORTING PERSON RECEIVED 1,500,000 RESTRICTED STOCK UNITS ("RSUs")ON DECEMBER 12, 2025. THE RSUs VEST 10% ON DECEMBER 12, 2026; 30% ON DECEMBER 12, 2027; AND THE REMAINING 60% ON DECEMBER 12, 2028. EACH RSU REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF THE ISSUER'S COMMON STOCK. THE SECURITIES REPORTED CONSIST OF RSUs, NONE OF WHICH HAD VESTED AS OF THE DATE OF THIS FORM 4. WHEN VESTED, THE RSUs WILL BE SETTLE IN SHARES OF THE ISSUER'S COMMON STOCK SIC (6) MONTHS AFTER THE VESTING DATE. |
COMMON STOCK
|
1,500,000 |
| 2025-12-12 | RIGNEY SHANNON LEE |
Director, VICE PRESIDENT |
Award↑
Filing footnotes — COMMON STOCK (Direct)
THE REPORTING PERSON RECEIVED 1,500,000 RESTRICTED STOCK UNITS ("RSUs")ON DECEMBER 12, 2025. THE RSUs VEST 10% ON DECEMBER 12, 2026; 30% ON DECEMBER 12, 2027; AND THE REMAINING 60% ON DECEMBER 12, 2028. EACH RSU REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF THE ISSUER'S COMMON STOCK. THE SECURITIES REPORTED CONSIST OF RSUs, NONE OF WHICH HAD VESTED AS OF THE DATE OF THIS FORM 4. WHEN VESTED, THE RSUs WILL BE SETTLE IN SHARES OF THE ISSUER'S COMMON STOCK SIC (6) MONTHS AFTER THE VESTING DATE. |
COMMON STOCK
|
1,500,000 |
| 2025-12-12 | Kantrowitz Ian |
Director, VICE PRESIDENT |
Award↑
Filing footnotes — COMMON STOCK (Direct)
THE REPORTING PERSON RECEIVED 1,500,000 RESTRICTED STOCK UNITS ("RSUs")ON DECEMBER 12, 2025. THE RSUs VEST 10% ON DECEMBER 12, 2026; 30% ON DECEMBER 12, 2027; AND THE REMAINING 60% ON DECEMBER 12, 2028. EACH RSU REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF THE ISSUER'S COMMON STOCK. THE SECURITIES REPORTED CONSIST OF RSUs, NONE OF WHICH HAD VESTED AS OF THE DATE OF THIS FORM 4. WHEN VESTED, THE RSUs WILL BE SETTLE IN SHARES OF THE ISSUER'S COMMON STOCK SIC (6) MONTHS AFTER THE VESTING DATE. |
COMMON STOCK
|
1,500,000 |
| 2025-10-01 | RICH RON J |
Director |
Award↑
Filing footnotes — COMMON STOCK (Direct)
THE REPORTING PERSON RECEIVED 100,000 RESTRICTED STOCK UNITS ("RSUS") ON OCTOBER 1, 2025. THE RSUS VEST 10% ON OCTOBER 1, OCTOBER 1, 2026; 30% ON OCTOBER 1, 2027; AND THE REMAINING 60% ON OCTOBER 1, 2028. EACH RSU REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF THE ISSUER'S COMMON STOCK. THE SECURITIES REPORTED CONSIST OF RSUS, OF WHICH 10,000 HAD VESTED AS OF THE DATE OF THIS FORM 4. THE VESTED RSUS WILL BE SETTLED IN SHARES OF THE COMPANY'S COMMON STOCK SIX (6) MONTHS AFTER THE VESTING DATE. |
COMMON STOCK
|
100,000 |
| 2025-06-26 | AEROSPACE CAPITAL PARTNERS, LLC |
10% Owner |
Other↓
Filing footnotes — SERIES A PREFERRED STOCK (Direct)
AS NOTED, THE REPORTING PERSON ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. FOLLOWING THE ISSUANCE OF THE SERIES A PREFERRED STOCK TO THE REPORTING PERSON ON JUNE 25, 2025, THE REPORTING PERSON SUBSEQUENTLY DISTRIBUTED AN AGGREGATE OF 6,246,300 SHARES TO CERTAIN INVESTORS IN THE REPORTING PERSON IN EXCHANGE FOR CANCELLATION OF OBLIGATIONS TOTALING $749,556, AT A PER SHARE CONVERSION PRICE OF $0.12. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. |
SERIES A PREFERRED STOCK
|
6,243,300 |
| 2025-06-26 | Kantrowitz Ian |
Director, VICE PRESIDENT |
Other↓
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
AS NOTED, ACP ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. FOLLOWING THE ISSUANCE OF THE SERIES A PREFERRED STOCK TO ACP ON JUNE 25, 2025, ACP SUBSEQUENTLY DISTRIBUTED AN AGGREGATE OF 6,246,300 SHARES TO CERTAIN INVESTORS IN ACP IN EXCHANGE FOR CANCELLATION OF OBLIGATIONS TOTALING $749,556, AT A PER SHARE CONVERSION PRICE OF $0.12. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER (ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 15%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
6,243,300 |
| 2025-06-26 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Direct)
THE REPORTING PERSON RECEIVED THESE SHARES FROM ACP IN CONNECTION WITH THE EXTINGUISHMENT OF AN OBLIGATION OWED BY ACP TO THE REPORTING PERSON. THE SERIES A PREFERRED SHARES WERE ISSUED AT A PER SHARE PRICE OF $0.12. PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. |
SERIES A PREFERRED STOCK
|
291,667 |
| 2025-06-26 | RIGNEY SHANNON LEE |
Director, VICE PRESIDENT |
Other↓
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
AS NOTED, ACP ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. FOLLOWING THE ISSUANCE OF THE SERIES A PREFERRED STOCK TO ACP ON JUNE 25, 2025, ACP SUBSEQUENTLY DISTRIBUTED AN AGGREGATE OF 6,246,300 SHARES TO CERTAIN INVESTORS IN ACP IN EXCHANGE FOR CANCELLATION OF OBLIGATIONS TOTALING $749,556, AT A PER SHARE CONVERSION PRICE OF $0.12. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER (ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. |
SERIES A PREFERRED STOCK
(I)
|
6,243,300 |
| 2025-06-26 | HAIL JEFFREY |
Director, CHIEF OPERATING OFFICER |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Direct)
THE REPORTING PERSON RECEIVED THESE SHARES FROM ACP IN CONNECTION WITH THE EXTINGUISHMENT OF AN OBLIGATION OWED BY ACP TO THE REPORTING PERSON. THE SERIES A PREFERRED SHARES WERE ISSUED AT A PER SHARE PRICE OF $0.12. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER(ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. |
SERIES A PREFERRED STOCK
|
375,000 |
| 2025-06-26 | HAIL JEFFREY |
Director, CHIEF OPERATING OFFICER |
Other↓
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
AS NOTED, ACP ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. FOLLOWING THE ISSUANCE OF THE SERIES A PREFERRED STOCK TO ACP ON JUNE 25, 2025, ACP SUBSEQUENTLY DISTRIBUTED AN AGGREGATE OF 6,246,300 SHARES TO CERTAIN INVESTORS IN ACP IN EXCHANGE FOR CANCELLATION OF OBLIGATIONS TOTALING $749,556, AT A PER SHARE CONVERSION PRICE OF $0.12. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER(ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 30%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
6,243,300 |
| 2025-06-26 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
AS NOTED, ACP ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. FOLLOWING THE ISSUANCE OF THE SERIES A PREFERRED STOCK TO ACP ON JUNE 25, 2025, ACP SUBSEQUENTLY DISTRIBUTED AN AGGREGATE OF 6,246,300 SHARES TO CERTAIN INVESTORS IN ACP IN EXCHANGE FOR CANCELLATION OF OBLIGATIONS TOTALING $749,556, AT A PER SHARE CONVERSION PRICE OF $0.12. PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 40%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
6,243,300 |
| 2025-06-25 | RIGNEY SHANNON LEE |
Director, VICE PRESIDENT |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC ("ACP"), WHICH ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER TO ACP IN FEBRUARY AND MARCH, 2025. PURSUANT TO THE TERMS OF THE NOTES, UPON THE CREATION OF THE SERIES A PREFERRED STOCK, THE OUTSTANDING BALANCE OF THE NOTE WOULD CONVERT INTO SHARES OF SERIES A PREFERRED STOCK. THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTES, $372,075, CONVERTED AT A PRICE OF $0.015 PER SHARE INTO SHARES OF SERIES A PREFERRED STOCK WHEN THE SERIES A PREFERRED STOCK WERE CREATED ON JUNE 24, 2025. AS NOTED ABOVE, THE SHARES WERE ACQUIRED BY ACP. THE REPORTING PERSON IS A MEMBER OF ACP AND AS SUCH, OWNS THE SHARES INDIRECTLY. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER (ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUER'S COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 15%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HER PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
24,805,000 |
| 2025-06-25 | AEROSPACE CAPITAL PARTNERS, LLC |
10% Owner |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Direct)
PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE REPORTING PERSON ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES (NOTE 1 AND NOTE 2) ISSUED BY THE ISSUER IN FEBRUARY AND MARCH, 2025. PURSUANT TO THE TERMS OF THE NOTES, UPON THE CREATION OF THE SERIES A PREFERRED STOCK, THE OUTSTANDING BALANCE OF THE NOTE WOULD CONVERT INTO SHARES OF SERIES A PREFERRED STOCK. THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTE 1, $358,200, CONVERTED AT A PRICE OF $0.015 AND THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTE 2, $372,000, CONVERTED AT A PRICE OF $0.40 PER SHARE INTO SHARES OF SERIES A PREFERRED STOCK WHEN THE SERIES A PREFERRED STOCK WERE CREATED ON JUNE 24, 2025. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. |
SERIES A PREFERRED STOCK
|
24,805,000 |
| 2025-06-25 | Kantrowitz Ian |
Director, VICE PRESIDENT |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC ("ACP"), WHICH ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER TO ACP IN FEBRUARY AND MARCH, 2025. PURSUANT TO THE TERMS OF THE NOTES, UPON THE CREATION OF THE SERIES A PREFERRED STOCK, THE OUTSTANDING BALANCE OF THE NOTE WOULD CONVERT INTO SHARES OF SERIES A PREFERRED STOCK. THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTES, $372,075, CONVERTED AT A PRICE OF $0.015 PER SHARE INTO SHARES OF SERIES A PREFERRED STOCK WHEN THE SERIES A PREFERRED STOCK WERE CREATED ON JUNE 24, 2025. AS NOTED ABOVE, THE SHARES WERE ACQUIRED BY ACP. THE REPORTING PERSON IS A MEMBER OF ACP AND AS SUCH, OWNS THE SHARES INDIRECTLY. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER (ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUER'S COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 15%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
24,805,000 |
| 2025-06-25 | HAIL JEFFREY |
Director, CHIEF OPERATING OFFICER |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC ("ACP"), WHICH ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER TO ACP IN FEBRUARY AND MARCH, 2025. PURSUANT TO THE TERMS OF THE NOTES, UPON THE CREATION OF THE SERIES A PREFERRED STOCK, THE OUTSTANDING BALANCE OF THE NOTE WOULD CONVERT INTO SHARES OF SERIES A PREFERRED STOCK. THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTES, $372,075, CONVERTED AT A PRICE OF $0.015 PER SHARE INTO SHARES OF SERIES A PREFERRED STOCK WHEN THE SERIES A PREFERRED STOCK WERE CREATED ON JUNE 24, 2025. AS NOTED ABOVE, THE SHARES WERE ACQUIRED BY ACP. THE REPORTING PERSON IS A MEMBER OF ACP AND AS SUCH, OWNS THE SHARES INDIRECTLY. THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER(ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 30%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
24,805,000 |
| 2025-06-25 | WILSON KENT |
Director, CHIEF EXECUTIVE OFFICER |
Other↑
Filing footnotes — SERIES A PREFERRED STOCK (Indirect)
THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC ("ACP"), WHICH ACQUIRED THE SHARES OF SERIES A PREFERRED STOCK PURSUANT TO THE TERMS OF CONVERTIBLE PROMISSORY NOTES ISSUED BY THE ISSUER TO ACP IN FEBRUARY AND MARCH, 2025. PURSUANT TO THE TERMS OF THE NOTES, UPON THE CREATION OF THE SERIES A PREFERRED STOCK, THE OUTSTANDING BALANCE OF THE NOTE WOULD CONVERT INTO SHARES OF SERIES A PREFERRED STOCK. THE AGGREGATE PRINCIPAL AMOUNT OF THE NOTES, $372,075, CONVERTED AT A PRICE OF $0.015 PER SHARE INTO SHARES OF SERIES A PREFERRED STOCK WHEN THE SERIES A PREFERRED STOCK WERE CREATED ON JUNE 24, 2025. AS NOTED ABOVE, THE SHARES WERE ACQUIRED BY ACP. THE REPORTING PERSON IS A MEMBER OF ACP AND AS SUCH, OWNS THE SHARES INDIRECTLY. PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK. PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER. THE REPORTING PERSON IS A MEMBER OF AEROSPACE CAPITAL PARTNERS, LLC, WHICH OWNS THE SHARES. THE REPORTING PERSON'S BENEFICIAL AND PECUNIARY OWNERSHIP OF ACP IS 40%. THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SERIES A PREFERRED SHARES EXCEPT TO THE EXTENT OF HIS PECUNIARY INTEREST THEREIN. |
SERIES A PREFERRED STOCK
(I)
|
24,805,000 |