What did Global-Smart.Tech Inc. (GSMT) announce regarding its share count?

Global-Smart.Tech Inc. reported that its CEO surrendered 3,000,000 common shares for cancellation. After this transaction, total issued and outstanding common shares decreased from 6,134,780 to 3,134,780, while the total number of authorized common shares remained the same.

Who approved the Global-Smart.Tech (GSMT) share cancellation?

Global-Smart.Tech reports that its Board of Directors formally accepted the CEO’s surrender of 3,000,000 common shares on June 11, 2026. The Board also authorized instructing the transfer agent to cancel and retire the shares on the official corporate records.

Global-Smart.Tech (GSMT) CEO surrenders 3M shares for cancellation and retirement

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Global-Smart.Tech Inc. announced that Chief Executive Officer and principal shareholder Yehor Rodin voluntarily surrendered 3,000,000 shares of the Company’s common stock to the Company for cancellation and retirement. These shares were contributed for zero consideration, described as a voluntary capital contribution to the issuer.

The Board of Directors formally accepted the surrender and authorized the transfer agent to cancel and retire the shares. After cancellation, the shares revert to authorized but unissued status, and total issued and outstanding common shares decrease from 6,134,780 to 3,134,780. The total number of authorized shares of common stock remains unchanged.

Positive

Large share cancellation reduces dilution: The CEO surrendered 3,000,000 common shares for cancellation, cutting issued and outstanding shares from 6,134,780 to 3,134,780 and potentially improving future per-share metrics.
Voluntary capital contribution by insider: The shares were surrendered for zero consideration, which the Company characterizes as a voluntary capital contribution, signaling support from the principal shareholder.

Negative

None.

Insights

GSMT’s CEO cancels 3M personal shares, sharply reducing shares outstanding.

The CEO of Global-Smart.Tech Inc., Yehor Rodin, voluntarily surrendered 3,000,000 of his common shares to the Company for cancellation at $0.00 consideration, which the Company describes as a voluntary capital contribution. This is a non-cash transaction that directly affects the equity structure rather than the income statement.

Following Board approval, the Company’s issued and outstanding shares drop from 6,134,780 to 3,134,780, while authorized shares are unchanged and the canceled shares become authorized but unissued. This substantially reduces the current share count, which can meaningfully affect per-share metrics and ownership percentages based on any future financial results.

The move signals the CEO’s willingness to contribute capital by relinquishing equity and simplifies the capital structure. Future periodic reports for periods after June 11–12, 2026 will reflect the lower outstanding share figure and will help clarify the long-term impact on per-share outcomes.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Shares surrendered: 3,000,000 shares Consideration for surrendered shares: $0.00 Shares outstanding before: 6,134,780 shares +2 more

5 metrics

Shares surrendered 3,000,000 shares Common stock surrendered by CEO for cancellation

Consideration for surrendered shares $0.00 Shares delivered as a voluntary capital contribution

Shares outstanding before 6,134,780 shares Total issued and outstanding common shares pre-cancellation

Shares outstanding after 3,134,780 shares Total issued and outstanding common shares post-cancellation

Shares’ new status Authorized but unissued Status of 3,000,000 canceled shares on corporate books

Key Terms

voluntary capital contribution, authorized but unissued shares, emerging growth company, cancellation and retirement

4 terms

voluntary capital contribution financial

"constituting a voluntary capital contribution to the issuer"

authorized but unissued shares financial

"these 3,000,000 shares reverted to the status of authorized but unissued shares"

Authorized but unissued shares are the number of shares a company is legally allowed to create but has not yet issued to investors, employees, or other parties. They matter to investors because issuing those reserved shares in the future can dilute existing ownership, raise cash, or be used for employee pay and acquisitions—like having empty slots a company can fill later, which changes voting power and per-share value.

emerging growth company regulatory

"Emerging growth company [X] If an emerging company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

cancellation and retirement financial

"for the express purpose of cancellation and retirement"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Understanding 8-K Material Events →

06/15/2026 - 11:26 AM

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) June 12, 2026

Global-Smart.Tech Inc.

(Exact name of registrant as specified in its charter)

Wyoming

000-56781

98-1664763

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

Yehor Rodin

Kava b.b.

85320, Tivat, Montenegro

+1-205-2165924

(Address and Telephone Number of Registrant’s Principal

Executive Offices and Principal Place of Business)

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:


[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
n/a	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 [X]

If an emerging 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 accountant standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 8.01: Other Events

On June 12, 2026, Yehor Rodin, the Chief Executive Officer and principal shareholder of Global-Smart.Tech Inc. (the "Company"), unilaterally and voluntarily delivered and surrendered an aggregate of 3,000,000 shares of the Company’s Common Stock to the Company for the express purpose of cancellation and retirement.

The 3,000,000 shares of Common Stock were surrendered by Yehor Rodin for zero consideration ($0.00), constituting a voluntary capital contribution to the issuer. On June 11, 2026, the Company's Board of Directors formally accepted the surrender and authorized the instruction of the Company's transfer agent to cancel and retire the shares on the official books of the corporation.

Upon completion of the cancellation, these 3,000,000 shares reverted to the status of authorized but unissued shares. Consequently, the Company’s total issued and outstanding shares of Common Stock decreased from 6,134,780 to 3,134,780. The transaction does not alter the total number of authorized shares of Common Stock of the Company.

SIGNATURES

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

Dated: June 15, 2026	GLOBAL-SMART.TECH INC.

	By: /s/ Yehor Rodin
	Yehor Rodin, President, Secretary,
	Treasurer, Director (Principal Executive, Financial and Accounting Officer)

Source: View Original Filing on SEC EDGAR

FAQ

How did the CEO’s action affect Global-Smart.Tech (GSMT) shareholders?

The CEO’s surrender and cancellation of 3,000,000 shares reduces Global-Smart.Tech’s outstanding common shares from 6,134,780 to 3,134,780. With fewer shares outstanding, future per-share figures such as earnings per share will be calculated over a smaller share base if financial performance holds.

Did Global-Smart.Tech (GSMT) pay anything for the 3,000,000 surrendered shares?

No, the Company states that the 3,000,000 common shares were surrendered by the CEO for zero consideration, or $0.00. It characterizes this as a voluntary capital contribution to the issuer rather than a cash transaction or repurchase.

What happens to the 3,000,000 canceled Global-Smart.Tech (GSMT) shares?

Once canceled, the 3,000,000 surrendered shares revert to authorized but unissued status on Global-Smart.Tech’s books. They are no longer issued or outstanding, though the Company’s total authorized common shares remain unchanged and could be issued again in the future.

Filing Exhibits & Attachments

3 documents