8-K
filed April 30, 2026, 7:59 PM ET
ticker BRQL
CIK 0001854526
debt
confidence high
sentiment negative
materiality 0.80
Dynamic Aerospace Systems raises $246K via convertible note, creates dilutive Series E Preferred
DYNAMIC AEROSPACE SYSTEMS Corp
- Issued $275K convertible note to LABRYS FUND II; net proceeds $246K after OID and fees.
- Note convertible at lower of $0.50 or 80% of 15-day lowest VWAP; warrants for 199,275 shares at $0.65.
- Created 25M shares of Series E Preferred, convertible after 6 months into 1.25 common shares each in monthly tranches.
- Issued 500,000 restricted shares to advisor Tyler Troup for consulting services.
- Announced Drone Demo Expo on Apr 30, 2026 with AZ DPS showcasing US-1, G1 MKII, and Mitigator drones.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp issued 500,000 shares of common stock to Tyler Troup.
- Security
- common stock
- Shares
- 500,000 shares
- Purchaser
- Tyler Troup
Exact text from the filing
On April 24, 2026, the Company entered into an Advisory Consulting Services Agreement (the “Agreement”) with Tyler Troup (“Tyler”). The Company agreed to issue 500,000 shares of its restricted common stock to Tyler for providing the services.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp issued convertible note to LABRYS FUND II, L.P. for aggregate principal amount of $275,000.
- Security
- convertible note
- Purchaser
- LABRYS FUND II, L.P.
- Consideration
- aggregate principal amount of $275,000
Exact text from the filing
On April 28, 2026, Dynamic Aerospace Systems Corporation, a Nevada corporation (the “Company”) issued a Convertible Promissory Note (the “Note”) to LABRYS FUND II, L.P., a Delaware limited partnership (the “Buyer”) in the aggregate principal amount of $275,000.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp issued warrants to purchase 199,275 shares of warrant to LABRYS FUND II, L.P. for exercise price of $0.65.
- Security
- warrant
- Shares
- warrants to purchase 199,275 shares
- Purchaser
- LABRYS FUND II, L.P.
- Consideration
- exercise price of $0.65
Exact text from the filing
In connection with the financing, the Company issued five-year warrants to purchase 199,275 shares of the Company’s common stock at an exercise price of $0.65.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp issued 20,000 shares of common stock to LABRYS FUND II, L.P..
- Security
- common stock
- Shares
- 20,000 shares
- Purchaser
- LABRYS FUND II, L.P.
Exact text from the filing
the Company issued 20,000 shares of the Company’s Common Stock to the Buyer as a commitment fee (the “Commitment Shares”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp: Filed Certificate of Designation creating Series E Preferred Stock with specified voting, conversion, and redemption terms (effective 2026-04-30).
- Change
- charter amendment
- Effective
- 2026-04-30
Exact text from the filing
On April 30, 2026, Dynamic Aerospace Systems Corporation, a Nevada corporation (the “Company”), filed with the Secretary of State of Nevada a Certificate of Designation of Rights and Preferences for the creation of a new series of preferred stock designated as the Series E Preferred Stock
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DYNAMIC AEROSPACE SYSTEMS Corp entered into Convertible Promissory Note with LABRYS FUND II, L.P. valued at $275,000 (effective 2026-04-28).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- LABRYS FUND II, L.P.
- Value
- $275,000
- Effective
- 2026-04-28
Exact text from the filing
On April 28, 2026, Dynamic Aerospace Systems Corporation, a Nevada corporation (the “Company”) issued a Convertible Promissory Note (the “Note”) to LABRYS FUND II, L.P., a Delaware limited partnership (the “Buyer") in the aggregate principal amount of $275,000.
View on SEC.gov
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