MaxsMaking converts 7.4M B shares into A shares
MaxsMaking Inc. (MAMK) reports that on August 25, 2026 its two major shareholders, ThriveNova Inc. and OptimaForge Inc., agreed to redesignate an aggregate of 7,425,000 B shares, par value $0.01, into an aggregate of 7,425,000 A shares, par value $0.01.
Rhea-AI Filing Summary
MaxsMaking Inc. (MAMK) reports that on August 25, 2026 its two major shareholders, ThriveNova Inc. and OptimaForge Inc., agreed to redesignate an aggregate of 7,425,000 B shares, par value $0.01, into an aggregate of 7,425,000 A shares, par value $0.01. The board of directors approved this redesignation the same day. After the change, there are 16,625,000 A shares issued and outstanding and no B shares outstanding. The A shares issued in this redesignation were not registered under the Securities Act of 1933, with MaxsMaking relying on the Section 4(a)(2) exemption for transactions not involving a public offering.
Positive
- None.
Negative
- None.
Filing Explained
The approved
Key Figures
Key Terms
unregistered sales of equity securities regulatory
par value financial
Section 4(a)(2) regulatory
foreign private issuer regulatory
FAQ
AI-generated analysis. How Rhea-AI works. Not financial advice.