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FinTrade Sherpa (FTSP) issues 227,000,000 shares to acquire AI IP assets

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FinTrade Sherpa Inc. reported that on January 23, 2026 it issued 227,000,000 shares of its common stock to the seller and designees in connection with a previously agreed asset purchase of AI-driven software and technology intellectual property from Tarka L’Herpiniere. The issuance was made as consideration under an Asset Purchase Agreement that closed on February 14, 2025 and was conducted as an unregistered offering under Section 4(a)(2) of the Securities Act as a transaction not involving a public offering.

Immediately after the transaction, the company had 351,054,600 shares of common stock outstanding, with the largest reported beneficial holder being Lonnie S. Humphries at 29.01% and other executives and investors holding smaller stakes. The company also granted the seller and designees piggyback registration rights for 12 months from the closing date and noted that full details of the Asset Purchase Agreement are available in a prior filing.

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Insights

FinTrade Sherpa completes a large equity issuance to pay for AI-related intellectual property, reshaping its ownership structure.

The company issued 227,000,000 common shares on January 23, 2026 as consideration for acquiring AI-focused software and technology intellectual property from Tarka L’Herpiniere. This follows an Asset Purchase Agreement that closed on February 14, 2025, where the seller received stock instead of cash, aligning compensation with the company’s equity.

Following the transaction, total common shares outstanding were 351,054,600, with Lonnie S. Humphries reported at 29.01% beneficial ownership and several other holders each between roughly 2% and 8%. This indicates a concentrated but multi-party ownership base, which can influence control dynamics and future decision-making.

The shares were issued in a private, unregistered transaction under Section 4(a)(2), and the seller and designees received 12 months of piggyback registration rights starting on the closing date. Actual market impact will depend on how and when any holders choose to use these rights and on future disclosures about commercialization of the acquired AI technology.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Form 8-K

 

CURRENT REPORT 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) January 23, 2026

 

FinTrade Sherpa, Inc.

(Exact name of small business issuer as specified in its charter)

 

Nevada   000-53676   47-4347638
(State or other jurisdiction of
incorporation or organization)
  (Commission File Number)   (I.R.S. Employer
Identification No.)
     

 1 East Liberty Street, Suite 600

Reno, NV 89501

  89501
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 775-234-5443

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
None N/A N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Asset Purchase Agreement

 

As disclosed on February 12, 2025, FinTrade Sherpa Inc. (Formerly Lode-Star Mining Inc.), a Nevada corporation (the “Company”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Tarka L’Herpiniere (the “Seller”), pursuant to which the Company agreed to purchase from the Seller all of the Seller’s rights, title and interest in and to certain intellectual property, intellectual property rights and derivative works, including improvements, modifications, creations and enhancements created by the Seller using AI models licensed from Predictive Technology, LLC, a Colorado limited liability company (“Predictive”), relating to software and technology (collectively, the “Purchased Assets”). As consideration for the purchase of the Purchased Assets, the Company agreed to issue 227,000,000 shares of common stock, par value $0.001 per share (“Common Stock”), of the Company to the Seller, or any person designated by the Seller (each, a “Designee” and collectively, the “Designees”), provided that such Designee completes and duly executes and delivers to the Company an investor questionnaire that, among other things, certifies that such Designee is an “accredited investor” under Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Pursuant to the terms and conditions of the Asset Purchase Agreement, the Company agreed to provide “piggyback” registration rights to the Seller and each Designee for a period of 12 months commencing on the Closing Date (as defined below) with respect to the shares issued pursuant to the Asset Purchase Agreement. The transactions contemplated by the Asset Purchase Agreement (collectively, the “Transactions”) closed on February 14, 2025 (the “Closing Date”).

 

Item 3.02 Unregistered Sales of Equity Securities.

 

On January 23, 2026 the Company issued the 227,000,000 shares as noted above.

 

In connection with the asset acquisition described in Item 1.01, the Company issued the  shares of its common stock to the sellers. This issuance was exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof, as a transaction not involving a public offering.

 

Security Ownership of Certain Beneficial Owners and Management

 

The following table sets forth information regarding the beneficial ownership of our Common Stock immediately following the consummation of the Transactions by:

 

• each person who is the beneficial owner of more than 5% of issued and outstanding our Common Stock;

 

• each of our current executive officers and directors; and

 

• all executive officers and directors of the Company as a group.

 

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within 60 days. The beneficial ownership of Company Common Stock is based on 351,054,600 shares of Common Stock issued and outstanding immediately following the consummation of the Transactions.

 

Name and Address of Beneficial Owner Common Shares Ownership
Mark Walmesley (3) 9,960,545 2.84%
Lonnie S. Humphries (4) 101,857,415 29.01%
Thea Evans (5) 22,860,000 6.51%
Oliver Willett (6) 26,908,125 7.67%
Richard Willett (7) 26,908,125 7.67%
Tarka L’Herpiniere (8) 20,478,750 5.83%

 

 

(1) Unless otherwise indicated, the address of all named persons is 13529 Skinner Road, Suite N, Cypress, Texas 77429.

(2) Based on 351,054,600 shares of our common stock issued and outstanding effective on the Closing Date effective immediately after the closing of the Transactions.

(3) Mark Walmesley serves as our sole executive officer and our sole director. Includes (i) 9,960,545 shares held directly by Mr. Walmesley, and (ii) 101,875,415 shares beneficially owned directly or indirectly by Mr. Walmesley’s spouse, Lonnie S. Humphries.

(4) Lonnie S. Humphries is the spouse of our sole officer and director, Mark Walmesley. Includes (i) 99,127,076 shares held directly by LSG, which is owned 100% by Ms. Humphries, (ii) 200,000 shares held directly by the Lonnie S. Humphries Non-Exempt Trust and (iii) 2,530,339 shares held directly by Ms. Humphries.

(5) The address of Thea Evans is 182 Chemin du Bien Etre, Villecroze, 83690, FR

(6) The address of Oliver Willett is 243 Route Couttet Champion, 74400 Chamonix-Mt-Blanc, FR

(7)The address of Richard Willett is 96 Kokopell Lane, Philipsburg, MT 59858, USA

(8)The address of Tarka L’Herpiniere is 1 Rue des Maries, Montaignac, 19300, FR

 

The foregoing description of the Asset Purchase Agreement is qualified in its entirety by the full text of the Asset Purchase Agreement, a copy of which is available on the 8K filing made February 12, 2025.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No. Description
   
99.1 Press Release issued by FinTrade Sherpa Inc. on January 23, 2026
   
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

       
  FinTrade Sherpa INC.  
       
Date: January 23, 2026 By: /s/ Mark Walmesley  
    Mark Walmesley  
    Chief Executive Officer  

 

 

 

 

 

FAQ

What did FinTrade Sherpa Inc. (FTSP) announce in this 8-K?

FinTrade Sherpa Inc. disclosed that on January 23, 2026, it issued 227,000,000 shares of common stock as consideration for acquiring certain AI-related software and technology intellectual property from Tarka L’Herpiniere and designees under a previously signed Asset Purchase Agreement.

How many FinTrade Sherpa (FTSP) shares are outstanding after the transaction?

Immediately following the consummation of the transactions, FinTrade Sherpa reported 351,054,600 shares of common stock issued and outstanding, which serves as the basis for the beneficial ownership percentages in the filing.

Who are the largest beneficial owners of FinTrade Sherpa (FTSP) after the share issuance?

The filing lists Lonnie S. Humphries as holding 101,857,415 shares, or 29.01% of outstanding common stock. Other notable holders include Thea Evans with 22,860,000 shares (6.51%), Oliver Willett and Richard Willett each with 26,908,125 shares (7.67%), and Tarka L’Herpiniere with 20,478,750 shares (5.83%).

What did FinTrade Sherpa (FTSP) acquire in exchange for the 227,000,000 shares?

FinTrade Sherpa agreed to acquire all rights, title and interest in certain intellectual property and derivative works created by Tarka L’Herpiniere using AI models licensed from Predictive Technology, LLC, relating to software and technology, collectively defined as the Purchased Assets.

Under what exemption were FinTrade Sherpa (FTSP) shares issued for this asset purchase?

The company states the issuance of its common stock was exempt from registration under the Securities Act pursuant to Section 4(a)(2) as a transaction not involving a public offering, with designees required to be accredited investors under Regulation D.

What registration rights were granted to the seller and designees in the FinTrade Sherpa (FTSP) deal?

FinTrade Sherpa granted the seller and each designee piggyback registration rights for a period of 12 months commencing on the transaction’s Closing Date, covering the shares issued under the Asset Purchase Agreement.

Where can investors find the full Asset Purchase Agreement for FinTrade Sherpa (FTSP)?

The company notes that the Asset Purchase Agreement is filed in full as part of an 8-K filed on February 12, 2025, and the current summary is qualified in its entirety by that document.