Kenilworth Sys Corp SEC Filings

Global Asset Management Group, Inc. reported first‑quarter 2026 revenue of $93,201 and a net loss of $376,871, or $0.00077 per basic and diluted share. Cash was $27,394 and stockholders’ equity was a deficit of $358,743, with management disclosing substantial doubt about the company’s ability to continue as a going concern.

During and after the quarter, the company continued an aggressive acquisition strategy, including Bella Rio Marketing Agency, DC Rental Portfolio, the Sustainable Properties group, and full ownership of Memorial Real Estate Group via a $6,455,000 debt‑and‑equity transaction. It also established a strategic financing relationship with Leonite Fund I, LP featuring a senior secured convertible note facility of up to $10,000,000 to fund real estate acquisitions.

Global Asset Management Group, Inc. notifies the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The delay is due to additional time needed to complete first-quarter financial reporting and the independent auditor review. The company expects to file the Form 10-Q within the five-calendar-day extension permitted under Rule 12b-25.

Global Asset Management Group, Inc. notifies the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The delay is due to additional time needed to complete first-quarter financial reporting and the independent auditor review. The company expects to file the Form 10-Q within the five-calendar-day extension permitted under Rule 12b-25.

Global Asset Management Group, Inc. completed the acquisition of 100% of Memorial Real Estate Group LLC by buying the Seller’s 83.125% membership interest on May 6, 2026. Total consideration was $6,455,000, including a one-year $6,000,000 convertible promissory note and a $455,000 cash down payment.

The company also previously acquired 16.875% of RI Property Holding, Inc. on April 6, 2026 in exchange for a $3,500,000 convertible promissory note to a related-party shareholder. Both notes bear simple interest at 6.00% and feature holder‑optional conversion starting in October 2026 at 90% of the 30‑day VWAP. MREG authorized a separate $1,000,000 loan from Bogdan Capital LLC to support the Memorial Hospital redevelopment project in Pawtucket, Rhode Island.

Global Asset Management Group, Inc. completed the acquisition of 100% of Memorial Real Estate Group LLC by buying the Seller’s 83.125% membership interest on May 6, 2026. Total consideration was $6,455,000, including a one-year $6,000,000 convertible promissory note and a $455,000 cash down payment.

The company also previously acquired 16.875% of RI Property Holding, Inc. on April 6, 2026 in exchange for a $3,500,000 convertible promissory note to a related-party shareholder. Both notes bear simple interest at 6.00% and feature holder‑optional conversion starting in October 2026 at 90% of the 30‑day VWAP. MREG authorized a separate $1,000,000 loan from Bogdan Capital LLC to support the Memorial Hospital redevelopment project in Pawtucket, Rhode Island.

Global Asset Management Group, Inc. (GAMG) reports its 2025 annual results, highlighting a strategic shift into real estate and marketing services alongside continued losses and going concern risks.

In 2025, GAMG generated revenue of $95,309, mainly from its Bella Rio Marketing Agency subsidiary, versus $5,000 in 2024, reflecting an initial contribution from newly acquired operations. There was no 2025 revenue yet from its real estate development activities.

The company completed two major all‑stock acquisitions: Bella Rio Marketing Agency, Inc. for 450,000 common shares and DC Rental Portfolio Corp. for 250,000,000 common shares. DC Rental brings multi‑family properties in Washington, D.C., including the Saratoga Apartments acquired for $6.7M and a 41‑unit complex under contract for $10M with a projected renovation cost of $2M.

Despite adding real estate assets, GAMG reported a 2025 net loss of $153,729 and an accumulated deficit of $39,936,764. Total assets reached $10,202,775, largely driven by property and equipment and construction in progress, while mortgage debt totaled $9,989,625. Stockholders’ equity was only $17,118 at year‑end, reflecting heavy leverage.

The independent auditor and management both highlight substantial doubt about GAMG’s ability to continue as a going concern, citing recurring losses and dependence on external financing and shareholder support. Cash rose to $49,077 as of December 31, 2025, mainly from issuing 2,554,183 common shares for $88,035 in net financing cash flow. Management plans to seek additional equity and debt funding and to scale its affordable housing and marketing operations, but acknowledges that failure to raise capital could jeopardize the business.

Global Asset Management Group, Inc. (GAMG) reports its 2025 annual results, highlighting a strategic shift into real estate and marketing services alongside continued losses and going concern risks.

In 2025, GAMG generated revenue of $95,309, mainly from its Bella Rio Marketing Agency subsidiary, versus $5,000 in 2024, reflecting an initial contribution from newly acquired operations. There was no 2025 revenue yet from its real estate development activities.

The company completed two major all‑stock acquisitions: Bella Rio Marketing Agency, Inc. for 450,000 common shares and DC Rental Portfolio Corp. for 250,000,000 common shares. DC Rental brings multi‑family properties in Washington, D.C., including the Saratoga Apartments acquired for $6.7M and a 41‑unit complex under contract for $10M with a projected renovation cost of $2M.

Despite adding real estate assets, GAMG reported a 2025 net loss of $153,729 and an accumulated deficit of $39,936,764. Total assets reached $10,202,775, largely driven by property and equipment and construction in progress, while mortgage debt totaled $9,989,625. Stockholders’ equity was only $17,118 at year‑end, reflecting heavy leverage.

The independent auditor and management both highlight substantial doubt about GAMG’s ability to continue as a going concern, citing recurring losses and dependence on external financing and shareholder support. Cash rose to $49,077 as of December 31, 2025, mainly from issuing 2,554,183 common shares for $88,035 in net financing cash flow. Management plans to seek additional equity and debt funding and to scale its affordable housing and marketing operations, but acknowledges that failure to raise capital could jeopardize the business.

Global Asset Management Group, Inc. completed a series of share exchange transactions to acquire 100% of five entities involved in industrial real estate and cannabis-related infrastructure. As consideration, the company issued an aggregate 35,780,924 unregistered shares of common stock to the sellers.

The acquired portfolio includes industrial manufacturing facilities, an edge data center, and manufacturing infrastructure aimed at health and wellness products, plus options tied to Illinois cannabis craft grow, infuser, and transporter licenses. These options are exercisable for $1.00, for up to ten years, subject to Illinois Department of Agriculture and other regulatory approvals.

The deals are designed to position the company as a provider of non-plant touching services such as real estate development, equipment rentals, and brand development to the cannabis industry, with potential to participate more directly if Federal rescheduling of cannabis occurs.

Global Asset Management Group, Inc. completed a series of share exchange transactions to acquire 100% of five entities involved in industrial real estate and cannabis-related infrastructure. As consideration, the company issued an aggregate 35,780,924 unregistered shares of common stock to the sellers.

The acquired portfolio includes industrial manufacturing facilities, an edge data center, and manufacturing infrastructure aimed at health and wellness products, plus options tied to Illinois cannabis craft grow, infuser, and transporter licenses. These options are exercisable for $1.00, for up to ten years, subject to Illinois Department of Agriculture and other regulatory approvals.

The deals are designed to position the company as a provider of non-plant touching services such as real estate development, equipment rentals, and brand development to the cannabis industry, with potential to participate more directly if Federal rescheduling of cannabis occurs.

Global Asset Management Group, Inc. completed a share exchange to acquire 100% of AMT Management LLC, a Washington, D.C.-based property management company, in return for 200,000 shares of GAMG common stock. AMT will operate as a wholly owned subsidiary, managing and expanding GAMG’s D.C. multifamily real estate portfolio and supporting a vertically integrated strategy.

As part of the transaction, Michael Taylor is appointed Owner’s Representative for GAMG, overseeing AMT’s growth and on-site operations. His five-year initial employment term features base pay and potential severance entirely in non-qualified stock options under GAMG’s equity plan, tying his compensation to GAMG’s long-term share performance.

Global Asset Management Group, Inc. completed a share exchange to acquire 100% of AMT Management LLC, a Washington, D.C.-based property management company, in return for 200,000 shares of GAMG common stock. AMT will operate as a wholly owned subsidiary, managing and expanding GAMG’s D.C. multifamily real estate portfolio and supporting a vertically integrated strategy.

As part of the transaction, Michael Taylor is appointed Owner’s Representative for GAMG, overseeing AMT’s growth and on-site operations. His five-year initial employment term features base pay and potential severance entirely in non-qualified stock options under GAMG’s equity plan, tying his compensation to GAMG’s long-term share performance.

Global Asset Management Group, Inc. entered into a six-month, non-exclusive Placement Agent Agreement with Alpine Securities Corporation to help arrange a proposed common stock offering on a best-efforts basis. Alpine will earn a cash fee equal to 5% of gross proceeds from any sales it sources and will receive warrants to buy shares equal to 10% of the dollar amount raised, with an exercise price set at 120% of the closing bid on the offering’s closing date for three years.

Separately, the company will compensate Alpine with a non-refundable $100,000 retainer paid in restricted common shares valued at $0.20 per share, deemed fully earned as of the agreement date. The board also created a Board of Advisors and adopted an advisory charter effective January 15, 2026 to support the company’s growth strategy and capital markets engagement, with further details described in an accompanying press release.

Global Asset Management Group, Inc. entered into a six-month, non-exclusive Placement Agent Agreement with Alpine Securities Corporation to help arrange a proposed common stock offering on a best-efforts basis. Alpine will earn a cash fee equal to 5% of gross proceeds from any sales it sources and will receive warrants to buy shares equal to 10% of the dollar amount raised, with an exercise price set at 120% of the closing bid on the offering’s closing date for three years.

Separately, the company will compensate Alpine with a non-refundable $100,000 retainer paid in restricted common shares valued at $0.20 per share, deemed fully earned as of the agreement date. The board also created a Board of Advisors and adopted an advisory charter effective January 15, 2026 to support the company’s growth strategy and capital markets engagement, with further details described in an accompanying press release.

Global Asset Management Group, Inc. reported a leadership change as its Board of Directors appointed Robert Fiallo as a new independent director, effective December 4, 2025. The company describes this move as part of its effort to strengthen its business infrastructure and corporate governance as it enters a new phase of growth and strategic development.

Fiallo, age 58, brings over 30 years of executive experience in financial services, including commercial and retail banking, mergers and acquisitions, and residential mortgage lending. He has previously served as Chairman and CEO of several banks, and most recently led the acquisition and later sale of an international bank based in San Juan, Puerto Rico to a NASDAQ-listed bank holding company.

The filing also notes that Fiallo is currently working to form a new de novo institution, U.S. Trust International Bank, in the U.S. Virgin Islands with former U.S. Attorney David Nissman, which is expected to open during the first quarter of 2026.

Global Asset Management Group, Inc. (KENS) reported its Q3 2025 results, posting operating revenue of $50,056 and a net loss of $57,602, an improvement from a $292,322 loss a year ago. Gross profit was $42,789 against operating expenses of $55,242, and other expense was driven by a $45,000 receivable write-off.

The balance sheet expanded following two share-for-stock acquisitions: Bella Rio Marketing Agency (450,000 shares) and DC Rental Portfolio Corp. (250,000,000 shares). Total assets rose to $10,073,258 from $45,834 at year-end 2024, including $6,700,000 of real estate basis, $2,050,000 restricted cash, and $855,615 goodwill. Liabilities totaled $7,435,668 (including a $6,955,715 mortgage and a $400,000 deferred loan), resulting in stockholders’ equity of $2,637,590.

Cash ended at $2,051,640 after $7,964,078 investing cash outflows for acquisitions and $2,716,333 financing inflows, including common stock of $2,553,717. Management disclosed substantial doubt about continuing as a going concern. As of November 12, 2025, common shares outstanding were 339,026,191.

Global Asset Management Group, Inc. completed its acquisition of DC Rental Portfolio Corp. on September 29, 2025. The company acquired 100% of DC Rental’s stock in exchange for 250,000,000 shares of its common stock, issued in a private placement under Rule 4(a)(2) with standard transfer restrictions.

DC Rental, formed in the District of Columbia, operates and develops affordable multi-family housing, initially focused on the Washington, D.C. market, including properties on East Capitol Street SE, 8th Street NW, and Georgia Avenue NW with appraised post-renovation values significantly above purchase prices. The company plans additional acquisitions in the fourth quarter of 2025 and may later pursue a lending institution to support its housing strategy.

John Murray, President of Global Asset Management Group, now also serves as President of DC Rental. The report highlights his extensive real estate and finance background and notes a prior Illinois license disciplinary matter resolved by consent order in 2019 that did not involve securities, trading, or fraud.