Kaya Holdings converts $13,979,148; issues 642,868,838 common shares

Kaya Holdings (KAYS) announced a major balance sheet move, converting over 90% of its outstanding debt into equity.

Rhea-AI Filing Summary

Kaya Holdings (KAYS) announced a major balance sheet move, converting over 90% of its outstanding debt into equity. The Company issued 642,868,838 shares of common stock to satisfy $13,979,148 of debt.

CVC International Ltd. received 581,914,466 of those shares in exchange for $11,638,289 in principal and interest on its convertible notes. CVC now holds approximately 56.19% of the Company’s voting power, which constitutes a change in control.

The conversion was undertaken to improve the capital structure in connection with KAYS’s planned development of a cryptocurrency subsidiary and potential digital assets treasury strategy, as referenced in a contemporaneous press release.

Positive

• Deleveraging: Converted $13,979,148 of debt into equity, materially reducing liabilities.
• Balance sheet simplification: Over 90% of outstanding debt addressed via conversion.

Negative

• Significant dilution/ownership concentration: Issued 642,868,838 new shares; CVC now holds ~56.19% voting power, indicating a change in control.

Insights

Capital structure analyst

Non-cash deleveraging of $13,979,148 with significant ownership shift to CVC at 56.19%.

Kaya Holdings exchanged debt for equity, issuing 642,868,838 new shares to extinguish $13,979,148 of obligations. This is a non-cash conversion that reduces liabilities and simplifies the balance sheet.

The largest holder, CVC International Ltd., received 581,914,466 shares tied to $11,638,289 of convertible notes and now controls approximately 56.19% of voting power. That concentration represents a clear change in control.

The Company cites alignment with its cryptocurrency subsidiary plans and a digital assets treasury strategy. Actual capital structure effects will depend on post-conversion share dynamics; subsequent filings may provide additional detail on implementation.

8-K Event Classification

2 items: 5.01, 8.01

2 items

Item 5.01 Changes in Control of Registrant Governance

A change in control of the company occurred, such as through a merger, takeover, or management buyout.

Item 8.01 Other Events Other

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did KAYS announce in its 8-K?

Kaya Holdings converted over 90% of its debt into equity, issuing 642,868,838 shares to satisfy $13,979,148 of obligations.

How many shares did CVC receive in the KAYS debt conversion?

CVC International Ltd. received 581,914,466 shares for $11,638,289 in principal and interest on its convertible notes.

Did the transaction change control at KAYS?

Yes. CVC now holds approximately 56.19% of the voting power, constituting a change in control.

What is the purpose of KAYS’s debt-to-equity conversion?

The Company aims to improve its balance sheet as it develops a cryptocurrency subsidiary and considers a digital assets treasury strategy.

Was cash raised in this KAYS transaction?

No. The Company issued shares in satisfaction of existing debt, a non-cash conversion.

Where can I find more details on KAYS’s crypto plans?

KAYS referenced a press release filed as Exhibit 99.1 discussing the cryptocurrency subsidiary and treasury strategy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/23/2025 - 07:57 AM Learn about SEC filing dates

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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): October 21, 2025

Kaya Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		333-177532		90-0898007
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

915 Middle River Drive, Suite 316, Fort Lauderdale, FL			33304
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number including area code: (954) 480-1270

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Company 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(b) under the Exchange Act (17 CFR 240.14a-12(b))

☐ 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 pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth 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 accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

As used in this Current Report on Form 8-K (the “Report ”), the terms “KAYS,” the “Company,” “we ,” “us” and “our” refer to Kaya Holdings, Inc. and its owned and controlled subsidiaries, unless the context indicates otherwise.

Item 5.01 Changes in Control of Registrant.

As described in “Item 8.01 Other Events,” in a press release issued on October 21, 2025, KAYS announced, among other matters, that it has entered into both debt reduction and debt conversion agreements with its debt holders to convert over 90% of its existing debt into equity in order to improve its balance sheet in connection with the planned implementation of its recently announced digital assets treasury strategy.

Pursuant to such debt reduction and debt conversion agreements, the Company issued a total of 642,868,838 shares of its common stock in satisfaction of $13,979,148 of debt to various debt holders, including 581,914,466 shares to CVC International Ltd., a Cayman Islands company (“CVC”) in conversion $11,638,289 million in principal and interest for convertible notes held by CVC.

As has been previously disclosed, CVC has been the principal source of capital for the Company since 2014, providing an aggregate in excess of $10,000,000 of debt financing since that time. CVC converted the debt at the request of the Company in order to clean up the balance sheet and position the Company to proceed with its business plan of developing its new cryptocurrency subsidiary and potentially implementing its digital assets treasury strategy.

CVC now holds approximately 56.19% of the voting power of the Company’s capital stock and accordingly a “Change in Control” of the Company has deemed to have taken place.

Item 8.01 Other Events.

On October 21, 2025, KAYS issued a press release updating the development of its cryptocurrency subsidiary and digital assets treasury strategy. The release also announced that the Company had it has entered into both debt reduction and debt conversion agreements with its debt holders to convert over 90% of its existing debt into equity in order to improve its balance sheet in connection with the planned implementation of its digital assets treasury strategy.

A copy of the press release is filed with this Report as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.		Description
99.1		Press Release dated October 21, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: October 23, 2025	KAYA HOLDINGS, INC.
	By:	/s/ Craig Frank
		Craig Frank, Chief Executive Officer