STOCK TITAN

CRSF: 500M-Share Block Bought, Chair Appointment and 180-Day Lock-Up

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Crisp Momentum Inc. received a Schedule 13D disclosing that a group of affiliated entities and an individual have acquired 500,000,000 shares of common stock, equal to 24.39% of the outstanding class based on 2,049,621,210 shares outstanding as of September 5, 2025. The shares were bought in a private transaction under a Private Transaction Agreement dated October 1, 2025, paid with working capital of the purchaser. The buyer group consists of Aurion Prime Holdings Limited, Almad Development Holdings Limited, Almad Group Limited and ultimate owner Chi Kong (Adrian) Cheng, who was appointed Chairman of the Board on October 3, 2025. A 180-day lock-up prevents sales during that period, after which up to 20% of the originally acquired shares may be sold each three-month rolling period. The filing states the purchasers may increase or decrease their position over time and disclaims present plans that would trigger major corporate actions.

Positive

  • Large strategic stake of 24.39% signals substantial investor interest
  • Board appointment of Chi Kong (Adrian) Cheng could provide direct engagement between major holder and management
  • Lock-up agreement for 180 days limits immediate share dumping and stabilizes near-term supply

Negative

  • Concentrated ownership of 24.39% increases single-party influence over corporate decisions
  • Significant potential future supply: up to 100,000,000 shares per quarter may be released after lock-up if 20% allowance is used
  • Shared voting/dispositive power may complicate clear governance alignment among affiliated holders

Insights

Significant block purchase gives new shareholder influence and a board chair appointment.

The acquisition of 500,000,000 shares, representing 24.39% of the class, combined with the appointment of Chi Kong (Adrian) Cheng as Board Chairman, materially increases the reporting persons' ability to influence board-level decisions.

Their influence is moderated by a 180-day lock-up and the shared voting/dispositive structure disclosed, but investor attention should focus on any follow-up communications or proposals from the group within the next 6-12 months. Watch for changes in board composition, governance proposals, or additional material purchases.

Large private purchase and structured resale limits affect near-term float and potential liquidity.

The lock-up prevents immediate selling for 180 days, reducing available free float short-term while the reporting persons control shared voting and disposal of 500,000,000 shares. Post lock-up, the 20% per-quarter selling allowance could release up to 100,000,000 shares each quarter from the original block if fully utilized.

Market impact depends on trading volume and whether the reporting persons further increase holdings; monitor quarterly trading patterns and any announced selling plans after the lock-up expiry for liquidity effects over the following quarters.






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).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Aurion Prime Holdings Limited
Signature:/s/ Wai Yi Winnie Young
Name/Title:Wai Yi Winnie Young, Authorized Signatory
Date:10/07/2025
Almad Development Holdings Limited
Signature:/s/ Wai Yi Winnie Young
Name/Title:Wai Yi Winnie Young, Authorized Signatory
Date:10/07/2025
Almad Group Limited
Signature:/s/ Wai Yi Winnie Young
Name/Title:Wai Yi Winnie Young, Authorized Signatory
Date:10/07/2025
Chi Kong (Adrian) Cheng
Signature:/s/ Chi Kong (Adrian) Cheng
Name/Title:CHI KONG (ADRIAN) CHENG
Date:10/07/2025

FAQ

What stake did the reporting persons acquire in Crisp Momentum Inc. (CRSF)?

They acquired 500,000,000 shares, representing 24.39% of the outstanding common stock based on 2,049,621,210 shares outstanding as of September 5, 2025.

Who are the reporting persons named in the Schedule 13D for CRSF?

The reporting persons are Aurion Prime Holdings Limited, Almad Development Holdings Limited, Almad Group Limited and ultimate owner Chi Kong (Adrian) Cheng.

Are there any restrictions on selling the acquired CRSF shares?

Yes. A Lock-Up Agreement prohibits transfers for 180 days from October 1, 2025. Afterward, up to 20% of the originally acquired shares may be sold during each three-month rolling period.

Was any board change disclosed in connection with the purchase?

Yes. Chi Kong (Adrian) Cheng was appointed a member and the Chairman of the Board on October 3, 2025.

How were the shares purchased?

The shares were purchased in a private transaction under a Private Transaction Agreement dated October 1, 2025, using the working capital of Aurion Prime Holdings Limited.

Do the reporting persons plan any immediate corporate actions for CRSF?

The filing states there are no present plans to effect the major corporate actions listed in the Schedule 13D form, though they may review and act on their investment going forward.
Crisp Momentum Inc.

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