Reliability Inc. (RLBY) CEO discloses 3.28M-share, 7.01% stake in 13D
Rhea-AI Filing Summary
Reliability Inc.’s CEO Nick Tsahalis filed a Schedule 13D reporting beneficial ownership of 3,276,052 shares of common stock, representing about 7.01% of the company’s outstanding shares. He holds sole voting and dispositive power over these shares and no shared control is reported.
The stake was acquired through equity transfers from prior owners of The Maslow Media Group, Inc. tied to transactions preceding Reliability’s reverse merger, and equity received in a convertible note financing, with no borrowed funds used. Tsahalis states he acquired the shares for investment and strategic purposes and may discuss strategic alternatives, but he currently has no specific plans to undertake major corporate actions and may increase or reduce his holdings depending on conditions.
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