GPO Plus CEO acquires 4M high-vote preferred
CEO Brett H. Pojunis receives high-vote preferred shares, bringing his stake to 12.69% of GPOX common and about 75.5% of total voting power.
Rhea-AI Filing Summary
GPO Plus, Inc. (GPOX) discloses that its Chief Executive Officer and sole director, Brett H. Pojunis, filed a Schedule 13D after acquiring 4,000,000 shares of Series A-1 Preferred Stock on September 1, 2026 as compensation and credit support consideration, valued at $160,000 in total ($0.0400 per common-equivalent share). Each Series A-1 share carries 100 votes and is convertible one-for-one into common stock, giving Pojunis 400,000,000 votes from this class. Including his existing Series A Preferred and common shares, he holds 460,437,500 votes, or about 75.50% of known voting power, and is deemed to beneficially own 14,437,500 common shares (including conversion shares), representing approximately 12.69% of the common stock.
Positive
- None.
Negative
- None.
Filing Explained
Voting control is already stated; common-stock dilution remains conditional because the filing reports no conversion.
The acquired Series A-1 Preferred remains preferred stock in the filing: conversion is optional, and no conversion is reported, so its presently disclosed common-holder consequence is voting power rather than an issued increase in common shares.
The filer says he already held sole voting and management control before this issuance, so the filing characterizes it as not changing control even though the preferred stock adds voting power.
If conversion occurs, the 4,000,000 underlying common shares would increase the common-share count and reduce existing holders’ percentage ownership absent offsetting changes; the filing does not report that conversion.
The Certificate of Designation and Restricted Stock and Services Agreement are identified as the governing documents; those documents, together with any later filing reporting conversion, are the specified path for resolving the remaining mechanics.
Key Figures
Key Terms
beneficially owns financial
Series A-1 Preferred financial
Certificate of Designation regulatory
Rule 13d-3(d)(1) regulatory
Restricted Stock and Services Agreement financial
Founders' Series A Non-Voting Redeemable Preferred Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GPOX CEO Brett H. Pojunis acquire according to this Schedule 13D?
How many GPOX voting rights does Brett H. Pojunis now control?
What percentage of GPOX common stock does Brett H. Pojunis beneficially own?
How is the 12.69% beneficial ownership in GPOX calculated?
Did this Series A-1 Preferred issuance result in a change of control at GPO Plus, Inc.?
What are the main rights of GPOX’s Series A-1 Preferred Stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.