---
schema_version: "secwatch.filing_event.v1"
accession: "0001017386-24-000102"
form_type: "8-K"
ticker: null
cik: "0001253965"
company_name: "DIGITAL UTILITIES VENTURES,INC."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:14:18.911625+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Digital Utilities Ventures acquires majority of Easy Energy Systems entities in share-based deal; massive dilution

## Summary
- Issued 3.763B common shares to acquire majority interest in EEST and EMM; also authorizes 5B Class C Preferred shares with 10:1 voting rights.
- Dakota Max LLC cancelled 2.28B common shares (100% of its stake); Inna Sheveleva cancelled 140M shares (50% of her stake).
- Debt over $4.1M restructured: conversion rights removed, interest rates reduced from 18%/8% to 5% per annum.
- Acquisition effective March 31, 2024; consummated April 15, 2024.

## SEC filing metadata
- accession: 0001017386-24-000102
- form_type: 8-K
- cik: 0001253965
- company_name: DIGITAL UTILITIES VENTURES,INC.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1253965/000101738624000102/0001017386-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1253965/000101738624000102/dutv_2024apr15-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001017386-24-000102
- JSON: https://secwatch.observer/filing/0001017386-24-000102.json
- Plain text: https://secwatch.observer/filing/0001017386-24-000102.txt

## Key facts
- M&A Transactions
  DIGITAL UTILITIES VENTURES,INC. completed an acquisition involving Easy Energy Systems Technologies, LLC (EEST), a wholly owned subsidiary of Easy Energy Systems, Inc., and Easy Modular Manufacturing, Inc. (EMM) for shares of common and preferred stock of the Company (closed 2024-04-15).
  - Action: acquisition
  - Counterparty: Easy Energy Systems Technologies, LLC (EEST), a wholly owned subsidiary of Easy Energy Systems, Inc., and Easy Modular Manufacturing, Inc. (EMM)
  - Consideration: shares of common and preferred stock of the Company
  - Closing: 2024-04-15
  source text: On April 15, 2024, Digital Utilities Ventures, Inc., a Delaware Corporation (the “Company”), entered into a Common Stock Purchase Agreement (“Agreement”), made effective March 31, 2024, by which it acquired a majority interest in Easy Energy Systems Technologies, LLC, a Minnesota limited liability company (“EEST”) and wholly owned subsidiary of Easy Energy Systems, Inc., a Minnesota Corporation (“EES”), and Easy Modular Manufacturing, Inc., a Minnesota Corporation (“EMM”), wholly owned by the Mark and Shauna Souza Gaalswyk Irrevocable Trust, a Minnesota Trust (“Trust”), in exchange for shares of common and preferred stock of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1253965/000101738624000102/0001017386-24-000102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.