secwatch.observer — SEC 8-K summary
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Issuer:     Global Asset Management Group, Inc. (GAMG)
CIK:        0000055234
Form:       8-K
Filed at:   2026-05-12T12:58:27+00:00
Accession:  0001477932-26-002966
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55234/000147793226002966/0001477932-26-002966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55234/000147793226002966/gamg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-002966

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer