CW Petroleum CEO swaps 120M common for preferred
CW Petroleum Corp reports that on July 24, 2026 it entered into a Share Exchange Agreement with its CEO and director, Christopher Williams.
Rhea-AI Filing Summary
CW Petroleum Corp reports that on July 24, 2026 it entered into a Share Exchange Agreement with its CEO and director, Christopher Williams. Under this agreement, Mr. Williams exchanged 120,000,000 shares of Common Stock for 240,000 shares of Series A Preferred Stock.
This transaction changes the form of the CEO’s equity holdings from common to preferred shares but does not describe any cash component. The agreement is documented in Exhibit 10.1, the Share Exchange Agreement dated July 24, 2026.
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Key Figures
Key Terms
Series A Preferred Stock financial
Regulation A regulatory
FAQ
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What transaction did CWPE report in its Form 1-U?
What type of preferred stock did CWPE issue in the exchange?
Under which regulatory framework did CWPE file this current report?
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