STOCK TITAN

Control of ARtelligence (OTC: TTCM) shifts after large stock issuances

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

ARtelligence Holdings, Inc. reported large unregistered issuances of common stock and a change in control effective January 26, 2026. The company issued 2,000,000 shares to each member of its boards and management in lieu of further compensation, and 132,500,000 shares to El Dorado Family Group, Ltd. for exclusive image content services.

Three consultants received a total of 71,150,887, 7,687,768, and 1,300,138 shares, adjusted for a prior 50‑for‑1 reverse split. All issuances used Securities Act exemptions. ARtelligence states it is authorized to issue 500,000,000 common shares and has approximately 410,995,000 shares outstanding as of January 26, 2026, reflecting these transactions.

Control of the company shifted when all Series I Perpetual Preferred Stock, which carries super‑majority voting rights exceeding 155% of total voting power, was transferred to El Dorado Family Group, Ltd. Although El Dorado became the control person, Timothy A. Holly remains Chairman and CEO of both entities, so he continues to direct the company’s management.

Positive

  • None.

Negative

  • Significant dilution and concentrated control: The company reports approximately 410,995,000 common shares outstanding out of 500,000,000 authorized, after issuing large blocks of stock to insiders, consultants, and El Dorado Family Group, Ltd., while super‑voting preferred shares now give El Dorado more than 155% of total voting power.

Insights

ARtelligence issues large new equity and formalizes control under an affiliate of its CEO.

ARtelligence disclosed substantial new common stock issuances to directors, advisors, management, a key content provider, and consultants, relying on private offering and Rule 701 exemptions. It now reports approximately 410,995,000 common shares outstanding against 500,000,000 authorized as of January 26, 2026, indicating a heavily utilized share authorization.

Separately, all Series I Perpetual Preferred Stock, with super‑majority voting rights exceeding 155% of total voting power, was transferred from Timothy A. Holly to El Dorado Family Group, Ltd. This makes El Dorado the formal control person, while Holly retains managerial authority as Chairman and CEO of both El Dorado and ARtelligence.

The equity grants significantly expand the common share base and formalize control through a single preferred stockholder aligned with existing management. Actual implications for minority shareholders depend on future corporate actions, given the concentrated voting power and the large number of newly issued shares.

Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 5.01 Changes in Control of Registrant Governance
A change in control of the company occurred, such as through a merger, takeover, or management buyout.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
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.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

_____________________

 

FORM 8-K

 

_____________________

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 27, 2026

 

_______________________________

 

ARtelligence Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

_______________________________

 

Delaware

 

333-141907

 

84-2340972

(State or Other Jurisdiction

 

(Commission

 

(I.R.S. Employer

of Incorporation)

 

File Number)

 

Identification No.)

 

8735 Dunwoody Place, Suite 6, Atlanta, GA. 30350

(Address of Principal Executive Offices) (Zip Code)

 

(404) 506-5716

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 3.02 Unregistered Sales of Equity Securities

 

On January 26, 2026, ARtelligence Holdings, Inc. (the “Company”) issued shares of its common stock pursuant to several previously approved compensation and service arrangements, as described below. All issuances were made in reliance upon exemptions from registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 701, as applicable.

 

Board of Directors, Board of Advisors, and Management Team Issuances

 

In December 2025, the Board approved the issuance of 2,000,000 shares of common stock to each member of the Board of Directors, each member of the Board of Advisors, and each member of the management team, in consideration for their services to the Company and in lieu of further compensation. The effective issuance date for these shares was January 26, 2026.

 

Timothy A. Holly, the Company’s Chairman and CEO, has not received any grant of stock or compensation for his services and has not been provided with any reimbursement for the funds he has expended for the Company. He owns 200 shares of common stock, acquired in the market prior to joining the Company.

 

Issuance to El Dorado Family Group, Ltd. and Its Advisors

 

In December 2025, the Company approved the issuance of shares to El Dorado Family Group, Ltd. (“EDFG”) and its advisors in consideration for EDFG’s exclusive commitment to provide and curate original images for use in the Company’s Image Library Tax Optimization Transactions System. EDFG received 132,500,000 shares of common stock. EDFG’s advisors and consultants collectively received shares totaling less than 5% of the Company’s outstanding shares. The effective issuance date for these shares was January 26, 2026.

 

Issuance of Consultants’ Shares (S‑8)

 

In March 2023, in connection with the Company’s issuance of its Series I Perpetual Preferred Stock, the Company approved the issuance of S‑8 eligible common shares to three consultants: Attorney Rickey Hicks, Stephen K. Radford, and Gregory L. Carter (the “Consultants’ Shares”). These shares were not issued at that time due to the failure of the Company’s former transfer agent to process the instructions.

 

Following an independent expert valuation of certain intellectual properties associated with the Series I transaction, the valuation increased the transaction value, requiring a corresponding increase in the Consultants’ Shares. The final share amounts, adjusted for the Company’s 50‑for‑1 reverse stock split, and effective as of January 26, 2026, are as follows:

 

Consultant:

 

Rickey Hicks, Esq.

 

Stephen K. Radford

 

Gregory L. Carter

Initial Shares:

 

35,457,143

 

3,885,714

 

657,143

Additional Shares:

 

35,693,744

 

3,802,054

 

642,995

Total Shares:

 

71,150,887

 

7,687,768

 

1,300,138

 

 

2

 

 

Item 5.01 Changes in Control of Registrant

 

On January 26, 2026, Timothy A. Holly, doing business as Timothy A. Holly and Associates, transferred all issued and outstanding shares of the Company’s Series I Perpetual Preferred Stock to El Dorado Family Group, Ltd., a Georgia corporation. The Series I Perpetual Preferred Stock carries super‑majority voting rights, representing more than 155% of the total voting power of the Company’s voting securities. As a result of this transfer, El Dorado Family Group, Ltd. became the control person of the Company. Mr. Holly serves as Chairman and Chief Executive Officer of El Dorado Family Group, Ltd., and Chairman and Chief Executive Officer of ARtelligence Holdings, Inc. Accordingly, Mr. Holly continues to exercise managerial authority over the Company through his executive roles and his position as Chairman and CEO of EDFG.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

 

No amendments to the Company’s Articles of Incorporation or Bylaws were adopted in connection with the transactions described herein. The Company confirms that, following its 50‑for‑1 reverse stock split conducted in December 2024, the Company is authorized to issue 500,000,000 shares of common stock.

 

Item 8.01 Other Events

 

As of January 26, 2026, the Company has 500,000,000 shares of common stock authorized, and approximately 410,995,000 shares outstanding. This outstanding share count reflects all issuances described in Items 3.02 and 5.01 of this Report.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits. None.

 

 

3

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

ARtelligence Holdings, Inc.

 

 

 

 

Date:  January 27, 2026 

By

/s/ Timothy A. Holly

 

 

 

Name: Timothy A. Holly

Title: Chairman/Chief Executive Officer

 

 

 

 

 

4

 

FAQ

What stock issuances did ARtelligence Holdings (TTCM) disclose in this 8-K?

ARtelligence disclosed unregistered issuances of common stock to its directors, advisors, management, El Dorado Family Group, Ltd., and three consultants, effective January 26, 2026. These grants were made as compensation and for content services, relying on exemptions from Securities Act registration.

How many shares did El Dorado Family Group, Ltd. receive from ARtelligence (TTCM)?

El Dorado Family Group, Ltd. received 132,500,000 shares of ARtelligence common stock. The shares were issued as consideration for El Dorado’s exclusive commitment to provide and curate original images for the company’s Image Library Tax Optimization Transactions System.

What change in control did ARtelligence Holdings (TTCM) report?

ARtelligence reported that all Series I Perpetual Preferred Stock, carrying super‑majority voting rights exceeding 155% of total voting power, was transferred to El Dorado Family Group, Ltd. This transfer made El Dorado the control person of the company as of January 26, 2026.

Does Timothy A. Holly still control ARtelligence Holdings (TTCM) after these transactions?

Yes. Although El Dorado Family Group, Ltd. became the control person through ownership of the Series I Perpetual Preferred Stock, Timothy A. Holly remains Chairman and Chief Executive Officer of both El Dorado and ARtelligence, so he continues to exercise managerial authority over the company.

What is ARtelligence Holdings’ (TTCM) current share authorization and outstanding count?

ARtelligence states it is authorized to issue 500,000,000 shares of common stock. As of January 26, 2026, it reports approximately 410,995,000 common shares outstanding, a figure that includes all issuances described in the unregistered sales and change in control sections.

How many shares did ARtelligence (TTCM) issue to its consultants in connection with the Series I transaction?

After an updated valuation and adjustment for a 50‑for‑1 reverse stock split, ARtelligence finalized consultant grants of 71,150,887 shares to Rickey Hicks, 7,687,768 shares to Stephen K. Radford, and 1,300,138 shares to Gregory L. Carter, effective January 26, 2026.