[SCHEDULE 13D] POWERDYNE INTERNATIONAL, INC. SEC Filing
Rhea-AI Filing Summary
Powerdyne International, Inc. (PWDY) received a Schedule 13D filing from investor Linda H. Madison. She reports beneficial ownership of 121,558,610 shares of common stock, representing 6.4% of the company’s common shares with sole voting and dispositive power. Her position is tied to 2,180,000 shares of Series D Preferred Stock, which are restricted securities and will be converted into common shares, received for contract rights, services rendered, forgiveness of debt, and inheritance. Madison states she has not been subject to criminal convictions or securities law judgments in the past five years and reports no special contracts or arrangements related to these securities.
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Insights
Linda Madison’s 6.4% stake concentrates voting power and may influence governance.
Linda H. Madison reports beneficial ownership of 121,558,610 Powerdyne common shares, equal to 6.4% of the class, with sole voting and dispositive power. This makes her a significant shareholder with clear influence over shareholder decisions relative to smaller holders.
The filing explains that this position is linked to 2,180,000 shares of Series D Preferred Stock, classified as restricted securities under Rule 144 and acquired without cash consideration in connection with contracts, services, debt forgiveness, and inheritance. Because she alone controls voting and disposition over these shares, minority investors face a governance structure where one holder’s preferences can weigh heavily on key corporate actions.
The Schedule 13D signals a concentrated ownership profile and formalizes Madison’s role as a major holder. Future company disclosures about how these preferred shares convert into common equity and how voting power is used at shareholder meetings will shape the longer-term governance dynamic.
FAQ
What percentage of Powerdyne International’s common stock does Linda Madison own?
According to the Schedule 13D, Linda Madison’s 121,558,610 common shares represent 6.4% of Powerdyne International’s outstanding common stock.
How did Linda Madison acquire her stake in Powerdyne International (PWDY)?
The filing states that Madison acquired her interest from a contract, for services rendered, through forgiveness of debt, and via inheritance, rather than through a cash purchase in the market.
Does the Schedule 13D mention any legal proceedings involving Linda Madison?
The filing states that, during the past five years, Linda Madison has not been convicted in a criminal proceeding and has not been subject to a judgment or final order related to violations of federal or state securities laws.