Elements updates 38% FiEE ownership disclosure
FiEE, Inc. received an updated ownership report from Elements Corporate Services Ltd. and individual investor Wong Man Ching.
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Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
FiEE, Inc. received an updated ownership report from Elements Corporate Services Ltd. and individual investor Wong Man Ching. Together they report beneficial ownership of 3,196,343 shares of FiEE common stock, representing 38% of the class, including common shares and preferred stock on an as-converted basis.
The position consists of 3,119,830 common shares plus 76,513 common shares issuable from 54,652 shares of Series A Convertible Preferred Stock, which vote on an as-converted basis. The amendment states it is being filed solely because FiEE’s total outstanding common shares increased, not due to new transactions by the reporting persons.
Key Figures
Beneficially owned shares: 3,196,343 shares
Ownership percentage: 38%
Common shares held: 3,119,830 shares
+5 more
8 metrics
Beneficially owned shares
3,196,343 shares
Aggregate FiEE common stock beneficially owned by each reporting person
Ownership percentage
38%
Percent of FiEE common stock class represented by 3,196,343 shares
Common shares held
3,119,830 shares
FiEE common stock directly forming part of the reported position
Convertible preferred shares
54,652 shares
Series A Convertible Preferred Stock held by the reporting persons
Common issuable on conversion
76,513 shares
FiEE common stock issuable from 54,652 Series A Convertible Preferred shares
Conversion ratio
1.4x
Each Series A Convertible Preferred share converts into 1.4 common shares
Common shares outstanding
8,328,598 shares
FiEE common stock outstanding as of April 27, 2026
Deemed shares outstanding
8,405,111 shares
Outstanding plus 76,513 issuable shares under Rule 13d-3(d)(1)
Key Terms
beneficially owned, Series A Convertible Preferred Stock, as-converted basis, Rule 13d-3(d)(1), +2 more
6 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 3,196,343.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Series A Convertible Preferred Stock financial
"54,652 shares of Series A Convertible Preferred Stock, $0.001 par value per share"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
as-converted basis financial
"The shares of Series A Convertible Preferred Stock vote on an as-converted basis."
As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.
Rule 13d-3(d)(1) regulatory
"deemed outstanding pursuant to Rule 13d-3(d)(1) of the Securities and Exchange Act of 1934"
Schedule 13D regulatory
"This Amendment No. 1 amends and supplements the filed by Elements and Wong Man Ching"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Joint Filing Agreement regulatory
"Exhibit A - Joint Filing Agreement, dated May 4, 2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in FiEE (FIEE) does Elements Corporate Services report?
Elements Corporate Services Ltd. and Wong Man Ching report beneficial ownership of 3,196,343 FiEE common shares, equal to 38% of the class. This total includes both existing common shares and shares issuable from Series A Convertible Preferred Stock on an as-converted basis.
How is the 38% beneficial ownership in FiEE (FIEE) calculated?
The 38% figure is based on 8,405,111 FiEE common shares deemed outstanding under Rule 13d-3(d)(1). This comprises 8,328,598 common shares outstanding as of April 27, 2026, plus 76,513 common shares issuable upon conversion of the preferred stock held.
What securities make up the FiEE (FIEE) position reported by Elements?
The reported FiEE position includes 3,119,830 common shares plus 76,513 common shares issuable from 54,652 Series A Convertible Preferred shares. The preferred stock converts at a 1.4-to-1 ratio into common shares and votes on the same as-converted basis.
Why was this Schedule 13D/A amendment for FiEE (FIEE) filed?
The amendment was filed because FiEE’s total outstanding common shares increased, changing the percentage ownership calculation. The reporting persons note this update is not the result of additional transactions, and other previously reported information remains unchanged unless revised here.
Who are the reporting persons on this FiEE (FIEE) Schedule 13D/A?
The reporting persons are Elements Corporate Services Ltd., a Hong Kong company, and Wong Man Ching, a citizen of China. They have shared voting and dispositive power over 3,196,343 FiEE common shares and have executed a Joint Filing Agreement dated May 4, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
