---
schema_version: "secwatch.filing_event.v1"
accession: "0001065949-24-000003"
form_type: "8-K"
ticker: null
cik: "0001483646"
company_name: "BLACKSTAR ENTERPRISE GROUP, INC."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:58:04.899172+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BlackStar faces forced conversion of up to 257M shares in GS Capital lawsuit; court stay granted pending appeal

## Summary
- Remaining note principal of $33,682 paid in full, but plaintiff still seeks specific performance for conversion of ~257M shares.
- Court ordered conversion of 62,084,333 shares (completed Dec 21, 2023) and two additional conversions of 62,023,333 and 65,168,333 shares completed.
- Company posted $10,000 bond; mandatory injunction stayed for 30 days as of Jan 11, 2024; appeal filed to Nevada Supreme Court on Jan 12, 2024.
- Company may need to increase authorized shares and faces risk of additional lawsuits and financial strain from ongoing litigation.

## SEC filing metadata
- accession: 0001065949-24-000003
- form_type: 8-K
- cik: 0001483646
- company_name: BLACKSTAR ENTERPRISE GROUP, INC.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1483646/000106594924000003/0001065949-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1483646/000106594924000003/blackstar8kjan232024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065949-24-000003
- JSON: https://secwatch.observer/filing/0001065949-24-000003.json
- Plain text: https://secwatch.observer/filing/0001065949-24-000003.txt

## Key facts
- Debt Financings
  BLACKSTAR ENTERPRISE GROUP, INC. reported a default on convertible notes of $33,682 with GS Capital Partners LLC at not specified maturing October 11, 2021.
  - Instrument: convertible notes
  - Principal: $33,682
  - Counterparty: GS Capital Partners LLC
  - Rate: not specified
  - Maturity: October 11, 2021
  - Event: default
  source text: The lawsuit relates to a claim regarding the purported unavailability of shares to convert against the remaining principal and interest on a Promissory Note entered into on October 11, 2021, which had a remaining principal balance of $33,682.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1483646/000106594924000003/0001065949-24-000003-index.htm

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