Zeus Trust reveals 416M-share stake in Evolution Metals (EMAT) on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Evolution Metals & Technologies Corp. reported that Zeus Trust, UA dated April 15, 2025 is a more than 10% owner of its common stock. The trust holds 416,436,066 shares of common stock directly after the reported event. According to the disclosure, the trust is a revocable Florida trust for which David Wilcox serves as trustee with sole voting and dispositive power over these shares. This Form 3 functions as an initial statement of ownership and does not detail any specific share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zeus Trust, UA dated April 15, 2025
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 416,436,066 shares (Direct)
Footnotes (1)
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FAQ
What does EMAT’s latest Form 3 filing disclose about Zeus Trust’s stake?
The Form 3 shows Zeus Trust as a more than 10% owner of Evolution Metals & Technologies Corp. (EMAT), holding 416,436,066 shares of common stock. This is an initial ownership report, not a record of a new purchase or sale.
Is EMAT’s Form 3 for Zeus Trust a record of insider buying or selling?
No, the Form 3 serves as an initial statement of beneficial ownership rather than documenting a specific buy or sell transaction. It discloses that Zeus Trust directly holds 416,436,066 EMAT common shares and qualifies as a more than 10% owner.
What type of entity is Zeus Trust in relation to EMAT’s common stock?
Zeus Trust is described as a revocable trust organized under Florida law, with David Wilcox acting as trustee. The trust directly owns 416,436,066 EMAT common shares and is identified as a more than 10% beneficial owner of the issuer.