STOCK TITAN

Blue Bird takes 11.7% stake in Tactical Resources

Tactical Resources Corp. (TREO) has a new significant shareholder group.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Tactical Resources Corp. (TREO) has a new significant shareholder group. Blue Bird Capital Enterprises LLC and its manager, Justus Parmar, report beneficial ownership of 1,598,232 common shares, representing 11.7% of Tactical Resources’ common stock, with sole voting and dispositive power over these shares.

The position arose from a multi-step Business Combination involving Plum Acquisition Corp. III that closed on August 13, 2026, in which Blue Bird also received 183,726 Restricted Stock Units under Tactical Resources’ omnibus incentive plan. Blue Bird is subject to a 6‑month lock-up on its post-closing shares and is party to a Registration Rights Agreement requiring Tactical Resources to file a shelf registration for resale of certain securities. The reporting persons state they hold the investment for general purposes, have no current specific change-of-control plans, but may discuss governance and strategic matters with management and may buy or sell shares in the future.

Positive

  • None.

Negative

  • None.

Filing Explained

The reported 11.7% ownership is already held, while resale registration remains a future issuer obligation rather than a completed sale.

This Schedule 13D records Blue Bird Capital Enterprises LLC and Justus Parmar’s ownership after the August 13, 2026 closing, rather than a proposed acquisition; each reports 11.7% ownership with sole voting and dispositive power.

The registration-rights agreement requires Tactical Resources to file a shelf registration statement for certain securities within 15 business days after closing, use commercially reasonable efforts to make it effective, and maintain it while registrable securities remain.

That agreement creates a route for future resale registration, but the disclosure describes an issuer filing obligation rather than a completed offer or sale of the reported shares.

Shares beneficially owned 1,598,232 common shares Beneficially owned by each reporting person as stated in Row (11)
Percent of class beneficially owned 11.7% Percentage of Tactical Resources common shares represented by 1,598,232 shares
Restricted Stock Units granted 183,726 Restricted Stock Units Granted to Blue Bird under Tactical Resources’ omnibus incentive plan at Business Combination closing
Business Combination Agreement date August 22, 2024 Date of Business Combination Agreement among Plum Acquisition Corp. III, related entities and Tactical Resources
Business Combination closing date August 13, 2026 Closing Date on which the Business Combination and related issuances became effective
Lock-Up Agreement date July 30, 2025 Date Blue Bird entered into Lock-Up Agreement in connection with the Business Combination
Shelf registration filing deadline 15 Business Days Period after Closing Date for Tactical Resources to file shelf registration under Registration Rights Agreement
Business Combination financial
"The transactions contemplated by the BCA, including the Merger, are hereinafter referred to as the "Business Combination.""
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Restricted Stock Units financial
"Blue Bird was granted 183,726 Restricted Stock Units under the Issuer's omnibus incentive plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Lock-Up Agreement financial
"Blue Bird entered into a lock-up agreement with the Issuer, pursuant to which, among other things, Blue Bird agreed not to sell"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Registration Rights Agreement financial
"the Issuer and certain stockholders, including Blue Bird, entered into a Registration Rights Agreement"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
shelf registration statement regulatory
"file, within 15 Business Days following the Closing Date, a shelf registration statement under Rule 415"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Registrable Securities financial
"until such time as there are no longer any Registrable Securities (as defined therein)"

FAQ

How much of Tactical Resources Corp. (TREO) does Blue Bird Capital own?

Blue Bird Capital Enterprises LLC and Justus Parmar report beneficial ownership of 1,598,232 common shares of Tactical Resources Corp., representing 11.7% of the outstanding common stock, with sole voting and dispositive power over these shares.

How did Blue Bird Capital acquire its stake in TREO?

The reported securities were acquired through transactions under a Business Combination Agreement among Plum Acquisition Corp. III, related entities, and Tactical Resources Corp., which closed on August 13, 2026. In connection with the closing, Blue Bird also received 183,726 Restricted Stock Units under Tactical Resources’ omnibus incentive plan.

Does Blue Bird Capital have any lock-up restrictions on TREO shares?

Yes. On July 30, 2025, Blue Bird entered into a Lock-Up Agreement with Tactical Resources under which it agreed not to sell the common shares it held immediately after the closing for 6 months following the August 13, 2026 closing, subject to specified exceptions.

What registration rights do Blue Bird and other holders have with TREO?

On the Closing Date, Tactical Resources and certain stockholders, including Blue Bird, entered into a Registration Rights Agreement. Tactical Resources agreed to file a shelf registration statement under Rule 415 within 15 Business Days after closing and to maintain its effectiveness for covered Registrable Securities.

Does Blue Bird plan to change control or strategy at Tactical Resources Corp. (TREO)?

The reporting persons state they currently have no present plans or proposals for the specific transactions listed in Item 4, but they may discuss governance, board composition, operations, and strategic plans with management and other shareholders and may buy or sell additional securities in the future.

Who are the reporting persons in this Schedule 13D for TREO?

The reporting persons are Blue Bird Capital Enterprises LLC, a Delaware investment holding company, and Justus Parmar, its sole Manager. They report the same 1,598,232 shares and 11.7% beneficial ownership of Tactical Resources Corp. common stock.

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

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Learn about SEC filing dates





269710109

(CUSIP Number)
Alain Dermarkar
Allen Overy Shearman Sterling US LLP, 800 Capitol Street, Suite 2200
Houston, TX, 77002
(713) 358-4900


Taylor Landry
Allen Overy Shearman Sterling US LLP, 800 Capitol Street, Suite 2200
Houston, TX, 77002
(713) 358-4900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/13/2026

(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






SCHEDULE 13D






SCHEDULE 13D


Blue Bird Capital Enterprises LLC
Signature:/s/ Justus Parmar
Name/Title:Justus Parmar, Manager
Date:08/26/2026
Justus Parmar
Signature:/s/ Justus Parmar
Name/Title:Justus Parmar, individually
Date:08/26/2026