Vocodia (OTCQB: VHAI) to buy 51% of WEB3 REX in 2026
Rhea-AI Filing Summary
Vocodia Holdings Corp. agreed on January 13, 2026 to acquire 51% of WEB3 REX INC, which owns proprietary data privacy software, through a Securities Purchase and Share Exchange Agreement with WEB3 REX and its shareholders.
As consideration, Vocodia agreed to issue 5,000 shares of Series C Convertible Preferred Stock and 2,000,000 shares of Series A Super-Voting Preferred Stock in a private, unregistered offering relying on Section 4(a)(2) and/or Regulation D. The parties state this preferred issuance does not create a change of control because existing Series A holders retain majority voting power.
Closing depends on customary conditions, including delivery of WEB3 REX’s two most recent years of audited financials from a PCAOB-registered firm, and must occur by April 30, 2026, with an automatic extension to June 29, 2026 if auditors are proceeding in good faith. As a closing condition, Jason Melo will become Vocodia’s CEO and a director. Vocodia also covenants to use commercially reasonable efforts to raise $3,000,000 in gross proceeds within twelve months after closing; if this financing is not completed, the 51% WEB3 REX interest reverts to the sellers, the preferred shares issued to them are cancelled, and Jason Melo will resign from all positions.
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Insights
Vocodia plans a stock-based 51% acquisition of WEB3 REX with CEO change and financing clawback conditions.
Vocodia Holdings Corp. has signed an agreement to acquire 51% of WEB3 REX, a data privacy software business, by issuing 5,000 Series C Convertible Preferred shares and 2,000,000 Series A Super-Voting Preferred shares in a private transaction. The filing notes that existing Series A preferred holders, Brian Podolak and James Sposato, will still hold aggregate majority voting control, so the company characterizes this as not constituting a change of control.
The deal has several conditions. Closing requires WEB3 REX to deliver two years of audited financial statements from a PCAOB-registered firm, with an outside date of
A notable feature is the
FAQ
What transaction did Vocodia Holdings Corp. (VHAI) announce?
Vocodia Holdings Corp. entered into a Securities Purchase and Share Exchange Agreement to acquire 51% of the issued and outstanding capital stock of WEB3 REX INC, which owns proprietary data privacy software and intellectual property known as the “WEB3 REX” platform.
How is Vocodia (VHAI) paying for the 51% stake in WEB3 REX?
Vocodia agreed to issue 5,000 shares of Series C Convertible Preferred Stock and 2,000,000 shares of Series A Super-Voting Preferred Stock to the WEB3 REX sellers or their designees as consideration, in an unregistered offering relying on Section 4(a)(2) of the Securities Act and/or Regulation D.
Does the WEB3 REX deal cause a change of control at Vocodia (VHAI)?
No. The parties acknowledged that issuing the Series A Super-Voting Preferred Stock to the sellers does not constitute a change of control because the existing Series A Preferred Stockholders, Brian Podolak and James Sposato, retain aggregate majority voting control of Vocodia.
What are the key conditions and deadlines for closing the WEB3 REX acquisition?
Closing is subject to customary conditions, including delivery of two most recent fiscal years of audited financial statements for WEB3 REX prepared by a PCAOB-registered firm. Closing must occur no later than April 30, 2026, with an automatic extension to June 29, 2026 if the auditors confirm they are proceeding in good faith to complete the PCAOB audit.
What management changes are tied to the Vocodia (VHAI) and WEB3 REX transaction?
As a condition to the sellers’ obligation to close, Jason Melo must be appointed as Chief Executive Officer (CEO) and a Director of Vocodia. Additionally, if the post-closing financing covenant is not met, the agreement provides that Jason Melo will resign from all positions at Vocodia.
What is the $3,000,000 financing covenant in Vocodia’s WEB3 REX deal?
Vocodia has covenanted to use commercially reasonable efforts to raise $3,000,000 in gross proceeds within twelve months after closing. If this financing is not completed in that period, the 51% interest in WEB3 REX will revert to the sellers, all Series C and Series A Preferred Stock issued to them will be cancelled, and Jason Melo will resign from all positions at Vocodia.
How will the new securities issued in the WEB3 REX deal be registered?
The 5,000 Series C Convertible Preferred shares and 2,000,000 Series A Super-Voting Preferred shares to be issued under the agreement will be issued as unregistered securities in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D.