STOCK TITAN

SDR Drone control shifts to EQUORIX in closed deal

Paul L. Strickland remains SDR Drone’s Secretary and a director, while Selkirk reports a 2.72% common-stock position.

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

SDR Drone, Inc.’s reporting persons said they disposed of their control position when the change-of-control transaction involving EQUORIX LLC and the acquisition of Sundori drone intellectual property closed on June 9, 2026. At closing, Selkirk Global Holdings, LLC transferred 100,000 shares of Series A Convertible Preferred Stock to EQUORIX LLC for no consideration.

Selkirk reports holding 1,806,965 common shares, or 2.72% of 66,377,720 shares outstanding as of June 30, 2026. Paul L. Strickland may be deemed to beneficially own those shares and remains SDR Drone’s Secretary and a director. Beartooth Asset Holdings, LLC reports no securities following February 24, 2026. The reporting persons say they hold the remaining shares for investment and have no present proposals regarding the specified corporate actions apart from Mr. Strickland’s officer and director roles.

Filing Explained

The filing says this late Schedule 13D is the reporting persons’ initial and final statement unless they again acquire more than 5%; their reported 2.72% stake is below the schedule’s stated ownership threshold.

Common shares held by Selkirk 1,806,965 shares Reported holding
Ownership percentage 2.72% Selkirk’s reported holding relative to shares outstanding
Common shares outstanding 66,377,720 shares As of June 30, 2026
Series A Convertible Preferred Stock transferred 100,000 shares Transferred by Selkirk to EQUORIX LLC at closing on June 9, 2026
beneficial ownership financial
"may be deemed to beneficially own the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting power financial
"Shared Voting Power 1,806,965.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power financial
"Shared Dispositive Power 1,806,965.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Series A Convertible Preferred Stock financial
"The Series A Convertible Preferred Stock acquired by Selkirk"
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SDCO shares does Selkirk Global Holdings own?

Selkirk reports holding 1,806,965 common shares, equal to 2.72% of 66,377,720 shares outstanding as of June 30, 2026.

Who has voting and dispositive power over Selkirk’s SDCO shares?

Selkirk Global Holdings and Paul L. Strickland each report shared voting power and shared dispositive power over 1,806,965 shares. Strickland may be deemed to beneficially own Selkirk’s shares, and he is Selkirk’s sole member.

What happened to the preferred shares in SDCO’s change-of-control transaction?

At closing on June 9, 2026, Selkirk transferred 100,000 shares of Series A Convertible Preferred Stock to EQUORIX LLC for no consideration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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406268201

(CUSIP Number)
Paul L. Strickland
120 State Ave NE,, Ste 1014
Olympia, WA, 98501
(206) 963-1094

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/09/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Held of record by Selkirk Global Holdings, LLC. Mr. Strickland is the sole member of Selkirk and the Manager of Beartooth Asset Holdings, LLC and may be deemed to beneficially own the securities each holds. The Reporting Persons may be deemed a group. Each disclaims beneficial ownership except to the extent of his or its pecuniary interest. Percentage based on 66,377,720 shares of common stock outstanding as of June 30, 2026, as reported in the Issuer's Form 10-Q for the quarter then ended.


SCHEDULE 13D




Comment for Type of Reporting Person:
Same as Reporting Person 1.


SCHEDULE 13D




Comment for Type of Reporting Person:
Same as Reporting Person 1. Beartooth holds no securities of the Issuer following February 24, 2026.


SCHEDULE 13D


Paul L. Strickland
Signature:/s/ Paul L. Strickland
Name/Title:Paul L. Strickland
Date:11/04/2026
Selkirk Global Holdings, LLC
Signature:/s/ Paul L. Strickland
Name/Title:Paul L. Strickland, Sole Member
Date:11/04/2026
Beartooth Asset Holdings, LLC
Signature:/s/ Paul L. Strickland
Name/Title:Paul L. Strickland, Manager
Date:11/04/2026

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