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Stewards, Inc. 424B Filings

SWRD NASDAQ

Every 424B that Stewards, Inc. (SWRD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow SWRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SWRD filings page.

Rhea-AI Summary

Stewards, Inc. (SWRD) filed a prospectus supplement for the resale of up to 20,621,250 shares of common stock by existing selling stockholders. The shares consist of 9,750,000 shares issued in a private placement, 487,500 registration-delay shares, and 10,383,750 shares issuable upon exercise of warrants and pre-funded warrants. The company will not receive proceeds from resale of the shares, but may receive cash if the warrants are exercised. While SWRD trades on the OTCID Market, selling stockholders plan to sell at a fixed price of $3.00 per share.

The filing also highlights a $20.0 million planned acquisition of The Hawthorne property in Chatham, Massachusetts and a dispute over a $1.0 million earnest-money deposit. The seller has asserted buyer default and a claim to the deposit, which Stewards and its subsidiary dispute; the deposit remains in escrow and the company states it cannot presently predict the outcome. Stewards also notes a multi-class voting structure in which founders and affiliates control about 87% of voting power, meaning common shareholders have limited influence and the company would qualify as a controlled company if listed on a national exchange.

Rhea-AI Summary

Stewards, Inc. (SWRD) has filed a prospectus supplement for the resale of up to 20,621,250 shares of common stock by existing selling stockholders. The shares stem from a prior private placement, including 9,750,000 common shares, 487,500 registration-delay shares, and 10,383,750 shares issuable from warrants and pre-funded warrants.

The company will not receive proceeds from resale of the shares, but may receive cash if the warrants are exercised. Shares are offered at a fixed price of $3.00 per share while trading on the OTCID Market, where the stock is thinly traded, which may limit resale liquidity. Stewards has a multi-class voting structure, with founders and affiliates collectively controlling about 87% of total voting power through Series B Preferred Stock and a Voting Agreement, which may limit common stockholders’ influence and could qualify the company as a “controlled company” if it becomes listed on a national securities exchange.

Rhea-AI Summary

Stewards, Inc. filed a prospectus supplement covering the resale of up to 20,621,250 shares of common stock by selling stockholders, including shares issued in a prior private placement, a registration delay payment, and shares issuable upon exercise of warrants and pre-funded warrants. The selling stockholders will initially offer shares at a fixed price of $3.00 per share while the stock trades on the OTCID Market, and Stewards will not receive proceeds from resales, only potentially from cash warrant exercises. The company highlights that its stock is very thinly traded.

Stewards describes a multi-class voting structure in which founders and affiliates control about 87% of total voting power, qualifying the company as a potential “controlled company” if exchange-listed. The attached Form 8-K details an amendment to a related-party $4.7 million promissory note, extending the $1.6 million final installment maturity to September 1, 2026 at 10% simple interest and temporarily waiving a 15% default rate. The board also adopted Amended and Restated Bylaws adding majority voting for uncontested director elections, advance notice provisions, remote stockholder meetings, and an exclusive forum provision for certain claims.

Rhea-AI Summary

Stewards, Inc. is supplementing its prospectus for the resale of up to 20,621,250 shares of common stock by selling stockholders. These shares stem from a prior private placement, including 9,750,000 issued shares, 487,500 registration-delay shares, and 10,383,750 shares issuable upon exercise of warrants and pre-funded warrants. The shares are offered at a fixed price of $3.00 per share while the stock trades on the OTCID Market, where it last closed at $3.00 on July 14, 2026. The company will not receive proceeds from resales but may receive cash if warrants are exercised.

The company highlights a multi-class voting structure, under which founders and affiliates control about 87% of total voting power, effectively making it a controlled company if listed. Attached disclosures describe a refinancing of the Block 40 / 1818 Park property via a $69.0 million senior loan and a $10.0 million mezzanine loan, a $5.0 million secured convertible note and warrant financing at 15% interest and $3.00 conversion price, and a HOPCo convertible note with an available amount of up to $25.0 million at 8% PIK interest maturing in 2031.

Rhea-AI Summary

Stewards, Inc. is registering for resale by selling stockholders up to 20,621,250 shares of common stock issued or issuable from prior private placements and related warrants. The company will not receive proceeds from these resales, though it may receive cash upon warrant or pre-funded warrant exercise.

Stewards operates two platforms: Private Credit focused on merchant cash advances to small businesses and a Real Estate division anchored by the 1818 Park mixed-use property in Florida. Total revenue was $16.3 million in 2025 and $3.9 million in the first quarter of 2026. The 1818 Park acquisition was completed for $74.3 million via stock-for-liabilities, and the property carries a senior mortgage with about $73.6 million outstanding, with a short-term extension and longer-term refinancing being pursued; Blackstone may foreclose if refinancing is not obtained. Founders and affiliates hold roughly 87% of voting power through a multi-class structure, and the thinly traded stock last closed at $3.00 on the OTCID Market. The company is also exploring, but has not implemented, digital-asset settlement and tokenization initiatives.