Global Asset Management acquires 83.125% interest in Memorial Real Estate Group for $6.455M

Global Asset Management Group, Inc.

Total consideration: $6M 1-year convertible note (6% simple interest) plus $455k cash; note convertible at 90% of 30-day VWAP after Oct 8, 2026.
Also completed acquisition of 16.875% of RI Property Holdings on Apr 6 via $3.5M convertible note (6%, due Apr 6, 2027) from a related party.
MREG authorized a $1M loan from Bogdan Capital LLC; assumed CNE First Mortgage of ~$1.02M and $1.49M in third-party liens.
Redevelopment plan: ~40% affordable housing, 40% market-rate luxury apartments, 20% veteran-focused housing with community amenities.

item 2.01item 2.03item 1.01item 3.02item 9.01

Source: SEC EDGAR

accession 0001477932-26-002966

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