Transglobal Management Group files draft information statement for SEC review
Reuters2026/08/12 19:00- Transglobal Management Group shareholders authorized an amendment and restatement to lift authorized common stock to 20,000,000,000 shares from 5,000,000,000.
- Company had 492,829,662 common shares outstanding as of Aug. 6, 2026, alongside 200 shares of Series A preferred stock.
- Series A preferred stock carries 80% of total voting power on a fully diluted basis; Jeff Foster holds 128 shares, Kelly L. Kirchhoff holds 72.
- Expanded authorization positions the company to issue additional common stock for financing or corporate purposes, including compensation or debt settlements.
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