SecureTech (OTCQB: SCTH) grants shares, sees China subsidiary stake dip
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SecureTech Innovations, Inc. reported two corporate actions. The company issued 15,326 shares of common stock to two independent consultants as stock compensation, valued at about $75,112, or roughly $4.90 per share, under private placement exemptions.
SecureTech also disclosed that its majority-owned Chinese subsidiary, Zhejiang Jizhu Technology Company, Ltd., increased its registered capital, with an unrelated investor contributing RMB 5,000,000 (about US$730,000). As a result, SecureTech’s indirect ownership in Jizhu moved from approximately 90.0% to approximately 88.2%. As of April 10, 2026, SecureTech had 17,092,694 common shares and 19,725 Series A Preferred shares outstanding.
Positive
- None.
Negative
- None.
8-K Event Classification
4 items: 2.01, 3.02, 8.01, 9.01
4 items
Item 2.01
Completion of Acquisition or Disposition of Assets
Financial
The company completed a significant acquisition or sale of business assets.
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Consultant shares issued: 15,326 shares
Consultant share value: $75,112
Per-share compensation price: ≈$4.90 per share
+5 more
8 metrics
Consultant shares issued
15,326 shares
Common stock issued April 6, 2026 as consultant compensation
Consultant share value
$75,112
Aggregate value of shares issued to two consultants
Per-share compensation price
≈$4.90 per share
Implied price for consultant stock issuance
Capital invested in Jizhu
RMB 5,000,000 (≈US$730,000)
Cash investment into Zhejiang Jizhu Technology Company, Ltd.
Jizhu ownership before
≈90.0%
SecureTech indirect ownership in Jizhu before capital increase
Jizhu ownership after
≈88.2%
SecureTech indirect ownership in Jizhu after capital increase
Common shares outstanding
17,092,694 shares
SecureTech common stock outstanding as of April 10, 2026
Series A Preferred outstanding
19,725 shares
SecureTech Series A Preferred Stock outstanding as of April 10, 2026
Key Terms
Section 4(a)(2) of the Securities Act of 1933, Rule 506(b) of Regulation D, accredited investor, registered capital, +2 more
6 terms
Section 4(a)(2) of the Securities Act of 1933 regulatory
"The Shares were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933"
Rule 506(b) of Regulation D regulatory
"and Rule 506(b) of Regulation D promulgated thereunder"
Rule 506(b) of Regulation D is a set of rules that allows companies to raise money from investors without having to register with the government, as long as they follow certain guidelines. It lets companies offer securities to a limited number of investors, often trusted or experienced ones, making it easier and quicker to raise funds compared to traditional methods. This rule matters to investors because it provides access to private investment opportunities that are generally less regulated but still require careful consideration.
accredited investor financial
"Each recipient represented to the Company in writing that it is an "accredited investor" within the meaning of Rule 501(a) of Regulation D"
An accredited investor is an individual or entity that meets certain financial criteria, such as having a high income or significant net worth, allowing them to invest in private or less regulated investment opportunities. This status matters because it grants access to investments that are often riskier or less available to the general public, reflecting a higher level of financial knowledge or resources.
registered capital financial
"completed an increase of its registered capital from RMB 11,110,974 to RMB 11,341,952"
Registered capital is the amount of money a company lists with regulators as the owners’ committed contribution when the business is formed or restructured. It functions like the company’s declared funding pledge and sets the legal baseline for owners’ financial responsibility; investors use it as a quick signal of how much capital the owners have promised, the company’s formal size, and potential limits on issuing more shares or taking on obligations.
Series A Preferred Stock financial
"and 19,725 shares of its Series A Preferred Stock issued and outstanding"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
FAQ
What stock compensation did SecureTech (SCTH) report on April 6, 2026?
SecureTech issued 15,326 common shares to two independent consultants as compensation, valued at about $75,112 in total, or roughly $4.90 per share. The grants were made under duly authorized consulting and investment banking agreements.
What change occurred in SecureTech’s ownership of Zhejiang Jizhu Technology?
SecureTech’s indirect ownership in its Chinese subsidiary, Zhejiang Jizhu Technology Company, Ltd., shifted from approximately 90.0% to approximately 88.2%. The change followed a capital increase funded by an external investor, slightly diluting SecureTech’s percentage stake.
How much capital did Zhejiang Jizhu Technology receive and from whom?
Zhejiang Jizhu Technology’s registered capital increased with a cash investment of RMB 5,000,000, about US$730,000, from Xiangshan Hongri Equity Investment Fund Partnership (Limited Partnership). The investor is identified as not being a related party to SecureTech.
Did SecureTech consider the Jizhu ownership change a significant asset disposition?
SecureTech stated it does not believe the reduced ownership in Jizhu constitutes a disposition of a significant amount of assets outside the ordinary course of business under Item 2.01. The company disclosed the transaction to keep investors informed about its consolidated subsidiary structure.