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APPlife shareholders approve 990M-share authorization

The approved amendment would raise authorized common stock to 990 million shares, no earlier than 20 calendar days after a definitive information statement is mailed.

(Moderate)

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

APPlife Digital Solutions Inc (ALDS) is the subject of a joint Schedule 13D reporting that five reporting persons together beneficially own 8,977,336 shares of Common Stock, or 60.3%, counting each security once. The total includes estimated shares issuable upon conversion of Series B and Series C Preferred Stock. The filing identifies Michael Hill as APPlife’s Chief Executive Officer, Chairman and Secretary, and Barrett Evans as its Chief Financial Officer and a director; reported holdings also include shares held through Mammoth Crest Capital, LLC, SportsAlert Media, LLC and EMC2 Capital LLC.

The board approved an amendment increasing authorized Common Stock from 20,000,000 to 990,000,000 shares. Stockholders representing approximately 77.56% of voting power as of October 16, 2026 approved it by written consent. The amendment would become effective no earlier than 20 calendar days after a definitive information statement is mailed. APPlife had 8,212,128 Common Stock shares outstanding as of October 16, 2026; the filing says outstanding and reserved shares exceed the current authorization and that the issuer lacks enough authorized, unreserved shares to deliver all shares issuable upon preferred-stock conversions.

Filing Explained

On conversion, the Series C formula gives MCC 12.5% of fully diluted common stock; the share count varies with capitalization and share price.

This joint Schedule 13D reports that, as of October 13, 2026, APPlife’s subsidiary owed Hill approximately $356,000 and Evans approximately $193,500 in accrued compensation, while APPlife owed Mammoth Crest Capital approximately $910,000. The filing says settlement in company securities may be considered, but no agreement exists and any settlement requires board approval, so it discloses no committed share issuance from these amounts.

Series B converts at the holder’s option using the prior trading day’s closing price. Series C converts at the holder’s option into 0.01% of fully diluted common stock per preferred share; the filing estimates MCC’s 1,250 Series C shares would represent 12.5% at conversion, with the resulting share count changing as capitalization and share price change.

Series C holders also have votes equal to 25% of the votes of all other securities. The filing reports that, as of October 16, 2026, securities reported for Hill and Evans represented about 26.6% and 25.9% of total voting power, respectively.

Reporting persons’ combined beneficial ownership 8,977,336 shares Counting each security once
Reporting persons’ combined beneficial ownership 60.3% Counting each security once
Common Stock outstanding 8,212,128 shares As of October 16, 2026
Authorized Common Stock 20,000,000 shares Existing authorization
Authorized Common Stock 990,000,000 shares Amount in the approved amendment
Voting power approving the amendment Approximately 77.56% As of the October 16, 2026 record date
beneficial ownership regulatory
"beneficial ownership of the securities reported by any other Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Series B Preferred Stock financial
"Each share of Series B Preferred Stock (stated value $100 per share)"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
fully diluted basis financial
"0.01% of the Issuer's Common Stock on a fully diluted basis at conversion"
A fully diluted basis counts every share that could exist if all outstanding options, warrants, convertible securities and other rights were exercised or converted into common stock, showing the maximum number of shares outstanding. For investors this matters because it spreads ownership and earnings across that larger share count, like slicing a pie into every possible piece before deciding how big each investor’s slice will be, which affects per-share value and ownership percentage.
Qualified Transaction financial
"whose conversion price is not determinable until a Qualified Transaction occurs"

FAQ

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

How much APPlife (ALDS) stock do the reporting persons beneficially own?

The reporting persons together beneficially own 8,977,336 shares of Common Stock, or 60.3%, counting each security once. The amount includes an estimated 1,500,000 shares issuable on conversion of 1,200 shares of Series B Preferred Stock and an estimated 5,172,336 shares issuable on conversion of 1,250 shares of Series C Preferred Stock.

What change to APPlife’s (ALDS) authorized shares was approved?

The approved amendment increases authorized Common Stock from 20,000,000 to 990,000,000 shares. Stockholders representing approximately 77.56% of voting power as of October 16, 2026 approved it by written consent. It would become effective no earlier than 20 calendar days after a definitive information statement is mailed.

Did APPlife (ALDS) reporting persons trade shares recently?

No reporting person effected a transaction in APPlife Common Stock during the past 60 days. The transactions described in connection with the reverse merger, compensation, loans and credit support occurred more than 60 days before the statement.

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

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03829G206

(CUSIP Number)
BARRETT EVANS
701 ANACAPA ST, SUITE C
SANTA BARBARA, CA, 93101
562-221-0341

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/13/2025

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Rows 8, 10 and 11 include 2,000,000 shares of Common Stock and an estimated 5,172,336 shares issuable on conversion of 1,250 shares of Series C Preferred Stock. See Item 5.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7 includes 12,000 shares held directly, 93,000 shares held by SportsAlert Media, LLC and an estimated 937,500 shares issuable on conversion of 750 shares of Series B Preferred Stock. Rows 8 and 10 are the securities held by Mammoth Crest Capital, LLC. See Item 5. Row 12 is checked because Row 11 excludes 324,000 shares of Common Stock (including 80,000 shares held in a Roth IRA) and 360 shares of Series B Preferred Stock held by Colby Hill, Mr. Hill's adult son, who does not share Mr. Hill's household. Mr. Hill disclaims beneficial ownership of those securities. See Item 5.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 7 includes 200,000 shares held by EMC2 Capital LLC and an estimated 562,500 shares issuable on conversion of 450 shares of Series B Preferred Stock. Rows 8 and 10 are the securities held by Mammoth Crest Capital, LLC. See Item 5.


SCHEDULE 13D




Comment for Type of Reporting Person:
Excludes shares issuable on conversion of two convertible promissory notes, whose conversion price is not determinable until a Qualified Transaction occurs. See Item 5.


SCHEDULE 13D




Comment for Type of Reporting Person:
Mr. Evans is the managing member of EMC2 Capital LLC. The shares reported on this cover page are also included in Mr. Evans's cover page. See Item 5.


SCHEDULE 13D


Mammoth Crest Capital LLC
Signature:/s/ Michael Hill
Name/Title:Michael Hill, Managing Member
Date:10/26/2026
Signature:/s/ Barrett Evans
Name/Title:Barrett Evans, Managing Member
Date:10/26/2026
HILL MICHAEL
Signature:/s/ Michael Hill
Name/Title:Michael Hill
Date:10/26/2026
EVANS BARRETT
Signature:/s/ Barrett Evans
Name/Title:Barrett Evans
Date:10/26/2026
SportsAlert Media LLC
Signature:/s/ Michael Hill
Name/Title:Michael Hill, Managing Member
Date:10/26/2026
EMC2 Capital LLC
Signature:/s/ Barrett Evans
Name/Title:Barrett Evans, Managing Member
Date:10/26/2026

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