GXLM planned shareholder sale: 2,445 shares on OTCQX, $64,963.65
Rhea-AI Filing Summary
GXLM: A shareholder filed a Form 144 notice to sell up to 2,445 shares of common stock with an aggregate market value of $64,963.65. The planned sale is listed for approximately November 5, 2025, through Capital Institutional Services, Inc., on the OTCQX market.
The filer reports acquiring 6,919 common shares on May 18, 2024 in a privately negotiated transaction from the issuer for cash. Over the past three months, the filer sold 2,200 shares on July 28, 2025 for gross proceeds of $71,193. Shares outstanding were 1,389,200; this is a baseline figure, not the amount being offered.
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Insights
Form 144 notice discloses a modest planned resale under Rule 144.
This filing indicates a shareholder’s intent to sell up to 2,445 GXLM common shares under Rule 144, using Capital Institutional Services on OTCQX. Form 144 is a disclosure of potential sales by affiliates or large holders; it is not an issuance by the company and does not raise capital for the issuer.
The holder previously sold 2,200 shares on July 28, 2025 with gross proceeds of $71,193, and reports having acquired 6,919 shares on May 18, 2024 via a privately negotiated, cash transaction from the issuer. Actual market impact depends on execution and trading volume; the filing lists methods and amounts but does not mandate sales.
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