GPO Plus grants CEO 4M 100-vote preferred shares
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Rhea-AI Filing Summary
GPO Plus, Inc. (GPOX) approved and issued 4,000,000 shares of a new Series A-1 Preferred Stock on September 1, 2026 to Chief Executive Officer and sole director Brett H. Pojunis as compensation for services, credit support, and deferred pay, valued at $160,000 in total at $0.0400 per common-equivalent share.
Each Series A-1 Preferred share carries 100 votes, voting with common stock as a single class, and is convertible 1-for-1 into common stock at the holder’s option, for up to 4,000,000 common shares. A Certificate of Designation filed in Nevada on August 26, 2026 formally created this series from the company’s blank check preferred stock under Nevada law.
Positive
- None.
Negative
- 4,000,000 new super-voting preferred shares granted to the CEO concentrate voting power (100 votes per share) and add up to 4,000,000 new common-equivalent shares upon conversion, increasing potential dilution and insider control.
Filing Explained
Issued preferred stock adds immediate voting rights and leaves up to 4 million common shares available for holder-elected conversion.
The September 1 issuance is complete as preferred stock: each Series A-1 share now carries 100 votes with the common stock, while conversion remains optional, leaving the existing voting structure exposed to a new voting block.
If the holder converts, up to
The stated trigger for the common-stock issuance is the holder’s election at any time; the filing says conversion is not contingent on a listing or another corporate event.
8-K Event Classification
Key Figures
Key Terms
Series A-1 Preferred Stock financial
blank check preferred stock financial
pari passu financial
Certificate of Designation regulatory
Section 4(a)(2) of the Securities Act of 1933 regulatory
restrictive legend financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity did GPOX grant to its CEO in this 8-K?
How did GPOX determine the value of the Series A-1 Preferred grant?
Why did GPOX award Series A-1 Preferred Stock to its CEO?
When did GPOX formally create the Series A-1 Preferred Stock?
Under what securities law exemption did GPOX issue the Series A-1 Preferred?
AI-generated analysis. How Rhea-AI works. Not financial advice.
Filing Exhibits & Attachments
6 documentsOther Documents
- EX-3.1 CERTIFICATE OF DESIGNATION 3.6 KB
- EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.9 KB
- EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 13.9 KB
- EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE 898 B
- EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 8.8 KB
- EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 2.0 KB