---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-002697"
form_type: "8-K"
ticker: "BRQL"
cik: "0001854526"
company_name: "DYNAMIC AEROSPACE SYSTEMS Corp"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:07:02.146239+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dynamic Aerospace Systems raises $246K via convertible note, creates dilutive Series E Preferred

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-26-002697
- form_type: 8-K
- ticker: BRQL
- cik: 0001854526
- company_name: DYNAMIC AEROSPACE SYSTEMS Corp
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/0001477932-26-002697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/brql_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-002697
- JSON: https://secwatch.observer/filing/0001477932-26-002697.json
- Plain text: https://secwatch.observer/filing/0001477932-26-002697.txt

## Source-grounded claims
- claim_id: 0dc306d004a98f2fd6b230ec5de41640f130414d
  claim: DYNAMIC AEROSPACE SYSTEMS Corp: Filed Certificate of Designation creating Series E Preferred Stock with specified voting, conversion, and redemption terms (effective 2026-04-30).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/0001477932-26-002697-index.htm
- claim_id: 356d86bd192334414d299ab25925392b3780f6c3
  claim: DYNAMIC AEROSPACE SYSTEMS Corp entered into Convertible Promissory Note with LABRYS FUND II, L.P. valued at $275,000 (effective 2026-04-28).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854526/000147793226002697/0001477932-26-002697-index.htm

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