Arax Holdings investor reports 9.7% ownership stake
Arax Holdings Corp. investor Victor Vega reports beneficial ownership of 19,552,066 shares of common stock, representing 9.7% of the company.
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Form Type
SCHEDULE 13D
Rhea-AI Filing Summary
Arax Holdings Corp. investor Victor Vega reports beneficial ownership of 19,552,066 shares of common stock, representing 9.7% of the company. These shares give him sole voting and dispositive power.
Vega describes his stake as an investment, funded from personal accounts and acquired through 10% convertible promissory note conversions and stock received for serving on a Board Advisory Committee. He notes an approximate total of 201,585,818 Arax Holdings common shares outstanding as of June 23, 2026.
Key Figures
Beneficial ownership: 19,552,066 shares
Ownership percentage: 9.7%
Shares outstanding: 201,585,818 shares
+4 more
7 metrics
Beneficial ownership
19,552,066 shares
Common stock beneficially owned by Victor Vega
Ownership percentage
9.7%
Percent of Arax Holdings common stock class
Shares outstanding
201,585,818 shares
Approximate Arax Holdings common shares outstanding as of June 23, 2026
Sole voting power
19,552,066 shares
Shares over which Vega reports sole voting authority
Sole dispositive power
19,552,066 shares
Shares over which Vega reports sole dispositive authority
Convertible note rate
10%
Rate on multiple convertible promissory notes converted into shares
Event date
06/23/2026
Date of event requiring Schedule 13D filing
Key Terms
Beneficially Owned, Sole Voting Power, Sole Dispositive Power, Convertible Promissory Notes, +2 more
6 terms
Beneficially Owned financial
"Aggregate amount beneficially owned by each reporting person 19,552,066.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 19,552,066.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"9 | Sole Dispositive Power 19,552,066.00 10 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Convertible Promissory Notes financial
"Through multiple 10% Convertible Promissory Notes in which the "Form of Conversion Notice" were executed"
A convertible promissory note is a loan a company takes that can later be turned into shares instead of being paid back in cash; think of lending money now in exchange for a voucher that can become ownership later. Investors care because it mixes credit risk and potential ownership upside—it can protect lenders if a company struggles while also diluting existing shareholders when converted, affecting future share value and investor returns.
Statement of Work (SOW) other
"As payment for a Statement of Work (SOW) to service as a Board Advisory Committee member"
Board Advisory Committee other
"As payment for a Statement of Work (SOW) to service as a Board Advisory Committee member"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Arax Holdings Corp (ARAT) does Victor Vega own?
Victor Vega reports beneficial ownership of 9.7% of Arax Holdings Corp. He holds 19,552,066 shares of common stock, giving him sole voting and dispositive power over this stake, based on approximately 201,585,818 shares outstanding as of June 23, 2026.
How was Victor Vega’s stake in Arax Holdings Corp (ARAT) acquired?
Victor Vega acquired his Arax Holdings stake through note conversions and services. He converted multiple 10% convertible promissory notes into common shares and also received stock as payment under a Statement of Work for serving on a Board Advisory Committee.
What is the stated purpose of Victor Vega’s investment in Arax Holdings Corp (ARAT)?
Victor Vega states that his Arax Holdings position is an investment. In the filing, he lists the purpose of the transaction simply as “Investment in Arax Holdings Corp,” without describing any specific plans or actions regarding control or changes at the company.
What funds did Victor Vega use to invest in Arax Holdings Corp (ARAT)?
Victor Vega reports using personal funds for his Arax Holdings investment. He states that the money came from his personal checking, savings, and investment accounts when entering into the 10% convertible promissory notes and related arrangements that resulted in his current share ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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