Victor Vega discloses 6.8% Arax Holdings (ARAT) stake via notes, services
Rhea-AI Filing Summary
Victor Vega has reported a significant ownership stake in Arax Holdings Corp. common stock. He beneficially owns 14,050,433 shares, representing 6.8% of the company’s outstanding common shares, based on an approximate total of 206,000,000 shares outstanding as of January 27, 2026.
Vega is a Texas-based owner/consultant of Vega Consulting Group HTX, LLC and is a U.S. citizen. He states that his investment purpose is simply an investment in Arax Holdings Corp., funded from his personal checking, savings, and investment accounts.
The common stock was obtained through conversions of multiple 10% Convertible Promissory Notes via executed conversion notices, and as payment under a Statement of Work for serving as a Board Advisory Committee member. He reports sole voting and dispositive power over all 14,050,433 shares.
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Insights
Victor Vega discloses a 6.8% stake in Arax, signaling notable but single-investor ownership.
Victor Vega reports beneficial ownership of 14,050,433 Arax Holdings Corp. common shares, equal to 6.8% of the company’s stock, with sole voting and dispositive power. This crosses the 5% threshold that triggers a detailed ownership disclosure.
The filing states the position is for investment, funded from personal accounts, and built via conversions of 10% convertible promissory notes and equity received for Board Advisory Committee work. That mix shows both financial and service-based ties to Arax.
The approximate 206,000,000 shares outstanding figure as of January 27, 2026 provides context for Vega’s stake size. Future company filings may clarify any changes in his percentage ownership if he acquires, converts, or disposes of additional shares.