[SCHEDULE 13D/A] GOLD ROCK HOLDINGS, INC. SEC Filing
Schedule 13D/A for Gold Rock Holdings, Inc. (GRHI) reports that Marcus Daley beneficially owns 152,790,212 shares, representing 64.2% of 238,886,969 outstanding common shares. The filing states Daley reduced his former holdings by a gift of 12,242,207 shares. Daley is identified as the company’s CEO and a director (appointed October 2, 2023). The source of funds is listed as a personal fund of $520,000. The filing also states that Daley and GRHI reserve rights to pursue mergers, asset sales, or capital-structure changes in the future. No other trades in the past 60 days are reported and no third party has rights to dividends or sale proceeds from the disclosed shares.
- Clear disclosure of beneficial ownership and transactions, including the exact number of shares and percentage (152,790,212 shares; 64.2%).
- Insider role disclosed: Marcus Daley is identified as CEO and director, providing transparency on governance.
- Reduction in shares via a gift of 12,242,207 shares, which alters the insider ownership profile.
- Ambiguity about future actions: the filing explicitly reserves rights to pursue mergers, asset sales, or capital-structure changes without providing details.
Insights
TL;DR: Founder/executive retains controlling stake (64.2%) after gifting 12.2M shares; future capital-structure changes and transactions are reserved.
The filing discloses a significant ownership concentration with Marcus Daley holding 152,790,212 shares (64.2%). The reported gift of 12,242,207 shares reduced his stake but did not meaningfully change his control position based on disclosed percentages. Explicit reservations about potential mergers, asset sales, or capital-structure changes indicate management and the reporting person are preserving strategic flexibility. The disclosure of CEO/director status and the absence of recent trades clarify current insider involvement and transaction history.
TL;DR: Large insider ownership and a recent gift are material to ownership profile; no trading activity in last 60 days reported.
The statement quantifies ownership precisely: 152,790,212 shares out of 238,886,969 outstanding. The filing confirms no other parties hold rights to dividends or proceeds from these shares, simplifying the beneficial-ownership picture. The source-of-funds note (personal fund of $520,000) is provided but not tied to specific purchases here. The disclosure is transparent about potential future corporate actions, which could affect minority holders depending on execution, though no specific transactions are announced.