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Large FiEE (FIEE) stake: investor reports 39.9% beneficial ownership

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

Rhea-AI Filing Summary

Elements Corporate Services Ltd and Wong Man Ching report a 39.9% beneficial stake in FiEE, Inc. common stock, totaling 3,196,343 shares. This includes 3,119,830 common shares and 76,513 shares issuable from 54,652 shares of Series A Convertible Preferred Stock, which convert at a 1.4-to-1 ratio and vote on an as-converted basis.

The ownership percentage is calculated against 8,010,635 common shares deemed outstanding, based on 7,934,122 shares outstanding as of February 10, 2026 plus the convertible preferred shares held by Elements. The stake was acquired for an aggregate purchase price of $4,130,534.20 under a Securities Purchase Agreement with David Lazar.

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Insights

New 39.9% holder emerges in FiEE through structured purchases.

Elements Corporate Services Ltd and Wong Man Ching disclose beneficial ownership of 3,196,343 FiEE common shares, representing 39.9% of the class. The position combines existing common stock with Series A Convertible Preferred Stock that is currently convertible and votes on an as-converted basis.

The filing details a Securities Purchase Agreement with David Lazar involving common shares, a warrant, a convertible note, and preferred stock, for aggregate consideration of $4,130,534.20. These instruments have already resulted in common share issuances and a sizable equity position.

The preferred stock is subject to a 19.99% cap relative to pre-issuance outstanding shares, limiting its conversion to 557,525 common shares. Future company disclosures covering any additional conversions or share sales by the reporting persons will shape how this large holding affects FiEE’s ownership structure over time.






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




Comment for Type of Reporting Person:
Note to Rows 8, 10 and 11: The above-referenced shares of common stock, $0.01 par value per share (the "Common Stock"), of FiEE, Inc. (the "Issuer") beneficially owned by Elements Corporate Services Limited, a Hong Kong limited company ("Elements"), consists of (i) 76,513 shares of Common Stock issuable upon conversion of 54,652 shares of Series A Convertible Preferred Stock, $0.001 par value per share (the "Series A Convertible Preferred Stock"), which are currently convertible into shares of Common Stock at a ratio of 1.4 shares of Common Stock for each share of Series A Convertible Preferred Stock (the "Ratio") and (ii) 3,119,830 shares of Common Stock. The shares of Series A Convertible Preferred Stock vote on an as-converted basis. Note to Row 13: The percentages reported in this Schedule 13D are based on 8,010,635 shares of Common Stock deemed outstanding pursuant to Rule 13d-3(d)(1) ("Rule 13d-3(d)(1)") of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), calculated as the sum of 7,934,122 shares of Common Stock outstanding as of February 10, 2026 according to records of the Issuer, plus 76,513 shares of Common Stock that are issuable upon conversion of the Series A Convertible Preferred Stock held by Elements.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Rows 8, 10 and 11: The above-referenced shares of Common Stock beneficially owned by Wong Man Ching consists of (i) 76,513 shares of Common Stock issuable upon conversion of 54,652 shares of Series A Convertible Preferred Stock, which are currently convertible into shares of Common Stock per the Ratio and (ii) 3,119,830 shares of Common Stock. The shares of Series A Convertible Preferred Stock vote on an as-converted basis. Note to Row 13: The percentages reported in this Schedule 13D are based on 8,010,635 shares of Common Stock deemed outstanding pursuant to Rule 13d-3(d)(1), calculated as the sum of 7,934,122 shares of Common Stock outstanding as of February 10, 2026 according to records of the Issuer, plus 76,513 shares of Common Stock that are issuable upon conversion of the Series A Convertible Preferred Stock held by Elements.


SCHEDULE 13D


Elements Corporate Services Ltd
Signature:/s/ Wong Man Ching
Name/Title:Wong Man Ching, Sole Director
Date:02/12/2026
Wong Man Ching
Signature:/s/ Wong Man Ching
Name/Title:Wong Man Ching
Date:02/12/2026

FAQ

What ownership stake in FiEE (FIEE) do Elements Corporate Services and Wong Man Ching report?

They report beneficial ownership of 3,196,343 FiEE common shares, representing 39.9% of the outstanding class. This figure combines 3,119,830 common shares with 76,513 shares issuable from Series A Convertible Preferred Stock, calculated against 8,010,635 deemed outstanding shares.

How many FiEE (FIEE) shares are tied to the preferred stock held by Elements?

Elements holds 54,652 shares of Series A Convertible Preferred Stock, currently convertible into 76,513 FiEE common shares. The preferred converts at a 1.4-to-1 ratio and votes on an as-converted basis, contributing to the total 3,196,343 beneficially owned shares.

What is the total purchase price paid for FiEE (FIEE) securities by Elements and Wong Man Ching?

The reporting persons acquired their FiEE securities for an aggregate purchase price of $4,130,534.20. This amount covers common stock, a warrant, a convertible note, and Series A Convertible Preferred Stock purchased under a Securities Purchase Agreement with David Lazar.

How many FiEE (FIEE) common shares are considered outstanding in this Schedule 13D?

The ownership percentage is based on 8,010,635 FiEE common shares deemed outstanding. This total includes 7,934,122 shares outstanding as of February 10, 2026, plus 76,513 common shares issuable upon conversion of the preferred stock held by Elements.

What is the conversion cap on the FiEE (FIEE) Series A Convertible Preferred Stock?

The Series A Convertible Preferred Stock cannot convert into more than 19.99% of FiEE’s pre-issuance common shares. In total, the preferred stock is limited to converting into no more than 557,525 common shares, constraining potential additional dilution from this instrument.

What major instruments were involved in the FiEE (FIEE) Securities Purchase Agreement?

The agreement covered 1,481,669 common shares, a warrant, a $300,000 convertible note, and 54,652 preferred shares. The warrant and note have already led to additional common share issuances, and the preferred stock remains convertible under its stated ratio and cap.
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