---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-018680"
form_type: "8-K"
ticker: "LODE"
cik: "0001120970"
company_name: "Comstock Inc."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:31:16.582213+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Comstock separates fuels into Bioleum Corp, closes $20M Series A tranche, Kreisler named CEO

## Summary
- Completed separation of fuels segment into Bioleum Corp; Comstock received $65M in convertible preferred stock (32.5M common shares).
- Bioleum closed initial $20M tranche of $50M planned Series A equity investment.
- Kevin Kreisler resigned from Comstock entities, appointed CEO of Bioleum; De Gasperis executive chairman and CFO of Bioleum.
- 29.4M shares outstanding May 22; estimated fully diluted 32.7M after FPC settlement and Kips Bay conversion.
- Comstock Metals achieved R2v3/RIOS certification for 100% landfill-free solar panel recycling.

## SEC filing metadata
- accession: 0001437749-25-018680
- form_type: 8-K
- ticker: LODE
- cik: 0001120970
- company_name: Comstock Inc.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120970/000143774925018680/0001437749-25-018680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120970/000143774925018680/lode20250523_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-018680
- JSON: https://secwatch.observer/filing/0001437749-25-018680.json
- Plain text: https://secwatch.observer/filing/0001437749-25-018680.txt

## Key facts
- Executive change
  Kevin Kreisler resigned as Officer, Director and/or Manager at Comstock Inc..
  - Action: resigned
  - Role: Officer, Director and/or Manager
  source text: On May 22, 2025, Kevin Kreisler resigned as an officer, director and/or manager of any and all Comstock Entities and was appointed the new Chief Executive Officer of the new independent entity Bioleum Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000143774925018680/0001437749-25-018680-index.htm
- M&A Transactions
  Comstock Inc. completed a disposition involving Bioleum Corporation for 1,000,000 Series 1 Convertible Preferred Stock by Bioleum Corporation, with an original purchase price and liquidation preference of $65 per share, or $65 milli (closed 2025-05-21).
  - Action: disposition
  - Counterparty: Bioleum Corporation
  - Consideration: 1,000,000 Series 1 Convertible Preferred Stock by Bioleum Corporation, with an original purchase price and liquidation preference of $65 per share, or $65 milli
  - Closing: 2025-05-21
  source text: (“Comstock”) announced the completion of the successful separation of all of the components of its renewable fuels segment into a new independent entity, Bioleum Corporation and the closing on the first $20 million in direct Convertible Preferred Stock - Series A equity investment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120970/000143774925018680/0001437749-25-018680-index.htm

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