[144] NetBrands Corp. SEC Filing
Rhea-AI Filing Summary
NetBrands Corp. (NBND) submitted a Form 144 notice proposing the sale of 499,118 shares of common stock through Glendale Securities, Inc. on 10/15/2025 on the OTCID market. The filing lists an aggregate market value of $2,000.00 and shows 85,422,281 shares outstanding. The shares were acquired as a gift on 12/24/2020 from Paul Adler, with the donor having acquired them on 06/14/2018 and an indicated original amount of 650,000 shares. The filer reports "Nothing to Report" for sales in the past three months and includes the standard attestation that no undisclosed material adverse information is known.
Positive
- Form 144 filed, meeting Rule 144 disclosure requirements
- No securities sold in the past three months reported
Negative
- Proposed sale of 499,118 shares increases shares available for public trading
- Aggregate market value reported as $2,000.00, indicating a very low per-share market valuation as disclosed
Insights
TL;DR: A Form 144 was filed for a proposed sale of 499,118 shares on 10/15/2025.
The filing documents a planned sale through Glendale Securities on the OTCID and states an aggregate market value of $2,000.00. It identifies the holdings as a gift acquired on 12/24/2020 from Paul Adler, with 650,000 shares originally acquired by the donor on 06/14/2018.
This notice fulfills Rule 144 reporting requirements by disclosing the proposed sale, broker, acquisition history, and outstanding shares (85,422,281); the filer also confirms no sales in the past three months.