STOCK TITAN

Big Digital Energy (BGDE) investor group adds Series D preferred, nearing 48% stake

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Big Digital Energy, Inc. major holders updated their ownership and financing structure. An investor group led by Six Thirty AI, LLC reports beneficial ownership of 3,652,288 common shares, representing 47.8% of shares outstanding on a fully diluted basis as of June 30, 2026. This includes 1,995,221 shares issuable upon conversion of 16,700 shares of Series D Convertible Preferred Stock purchased in a private placement for $15,030,000, funded with a loan from YA II PN, LTD. Excluding the Series D conversion shares, the group continues to hold 1,657,067 common shares, or 30.0% of the outstanding common stock, unchanged from a prior amendment. The Series D carries a floating conversion price with a floor and a 19.99% cap on conversion until shareholder approval is obtained, and the preferred shares and underlying common stock are pledged as collateral under loan and security agreements.

Positive

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Insights

New preferred investment lifts reporting group’s potential stake to nearly half the company.

The reporting group centered on Six Thirty AI, LLC now reports beneficial ownership of 3,652,288 common shares on a fully diluted basis, or 47.8% of Big Digital Energy, Inc.. This combines existing common stock with shares issuable from newly acquired Series D Convertible Preferred Stock.

On June 30, 2026, Six Thirty AI bought 16,700 Series D shares with a face amount of $16,700,000, paying $15,030,000 financed by a loan from YA II PN, LTD. The preferred and underlying common shares are pledged as collateral, so lender rights and covenant terms matter for control dynamics.

The conversion price floats at 95% of the lowest daily VWAP over five trading days before conversion notice, with a floor of $1.80 and a 19.99% cap on conversion until shareholder approval. Using a VWAP of $8.81 as of June 30, 2026, the preferred would convert into 1,995,221 common shares, a significant potential dilution component already reflected in the group’s fully diluted percentage.

Series D face amount $16,700,000 Face amount of 16,700 shares of Series D Convertible Preferred Stock
Series D purchase price $15,030,000 Aggregate price paid by Six Thirty AI for Series D, equal to 90% of face value
Series D shares 16,700 shares Number of Series D Convertible Preferred Stock shares acquired on June 30, 2026
Shares issuable on conversion 1,995,221 shares Common shares issuable from Series D using $8.81 VWAP as of June 30, 2026
Fully diluted shares outstanding 7,643,972 shares Common shares outstanding on a fully diluted basis as of June 30, 2026
Group beneficial ownership (fully diluted) 3,652,288 shares (47.8%) Aggregate common shares beneficially owned by reporting persons on a fully diluted basis
Ownership excluding conversion 1,657,067 shares (30.0%) Common shares owned by reporting persons excluding Series D conversion shares
Conversion cap before approval 19.99% Cap on Series D conversion until shareholder approval is obtained
Series D Convertible Preferred Stock financial
"Six Thirty AI purchased in a private placement 16,700 shares of the Issuer's Series D Convertible Preferred Stock"
Series D convertible preferred stock is a class of shares issued in a later-stage funding round that gives holders priority over common shareholders for payouts and often a fixed dividend, while including an option to convert those shares into common stock. It matters to investors because it affects who gets paid first if a company is sold or liquidates and can change ownership stakes and voting power when converted, similar to holding a safer ticket that can be exchanged for regular tickets later.
VWAP financial
"95% of lowest daily VWAP in the five trading days prior to notice of conversion"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
fully diluted basis financial
"7,643,972 Shares outstanding as of June 30, 2026, which is the total number of Shares outstanding on a fully diluted basis"
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.
Loan and Guaranty Agreement financial
"Loan and Guaranty Agreement dated June 30, 2026, and related agreements"
Pledge and Security Agreement financial
"Pledge and Security Agreement dated June 30, 2026, by and between Six Thirty AI, LLC and YA PN II LTD"

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

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FAQ

How much of Big Digital Energy (BGDE) does the reporting group now beneficially own?

The reporting group beneficially owns an aggregate of 3,652,288 common shares of Big Digital Energy, representing 47.8% of shares outstanding on a fully diluted basis as of June 30, 2026.

What new securities tied to Big Digital Energy (BGDE) did Six Thirty AI, LLC acquire?

On June 30, 2026, Six Thirty AI, LLC acquired 16,700 shares of Series D Convertible Preferred Stock of Big Digital Energy, with a total face amount of $16,700,000 purchased for $15,030,000 in a private placement.

How many Big Digital Energy (BGDE) common shares are issuable from the Series D preferred stock?

Assuming a daily VWAP of $8.81 on June 30, 2026 to set the conversion price, the 16,700 Series D shares would convert into 1,995,221 Big Digital Energy common shares.

What is the total share count basis used in this Big Digital Energy (BGDE) ownership filing?

The ownership percentages are based on 7,643,972 common shares outstanding on a fully diluted basis as of June 30, 2026, including 1,995,221 shares issuable upon conversion of the Series D preferred.

How much Big Digital Energy (BGDE) common stock does the group hold excluding conversion of the Series D preferred?

Excluding any shares issuable upon Series D conversion, the reporting persons own 1,657,067 common shares, representing 30.0% of Big Digital Energy’s outstanding common stock, unchanged from a prior amendment.

Who financed Six Thirty AI’s purchase of Big Digital Energy (BGDE) Series D preferred stock?

Six Thirty AI financed the Series D purchase with funds borrowed from YA II PN, LTD under a Loan and Guaranty Agreement, with the Series D and underlying common shares pledged as collateral.





57778N307

(CUSIP Number)
Joshua Kilgore
5701 Euper Lane, Ste A,
Fort Smith, AR, 72903
479-420-8957


Cam C. Hoang
Dorsey & Whitney LLP, 50 S. Sixth Street, Suite 1500
Minneapolis, MN, 55402
(612) 492-6109

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/30/2026

(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).




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Endeavor Blockchain, LLC
Signature:Joshua Kilgore
Name/Title:Managing Member
Date:07/10/2026
Joshua Kilgore
Signature:Joshua Kilgore
Name/Title:Individual
Date:07/10/2026
Cody Smith
Signature:Cody Smith
Name/Title:Individual
Date:07/10/2026
PM Squared, LLC
Signature:Philip Stanley
Name/Title:Managing Member
Date:07/10/2026
Phillip Stanley
Signature:/s/ Phillip Stanley
Name/Title:Individual
Date:07/10/2026
Six Thirty AI, LLC
Signature:/s/ Cody Smith
Name/Title:Manager
Date:07/10/2026