secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Asset Management Group, Inc. (GAMG)
CIK:        0000055234
Form:       8-K
Filed at:   2026-09-04T16:44:22+00:00
Accession:  0001477932-26-005420
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GAMG acquires G&O Landscaping for $1.82M in stock and convertible note
----------------------------------------------------------------------

- Acquired all G&O shares via subsidiary Sustainable Properties for $1.82M: 840k restricted shares (420k each to two sellers) and $980k convertible note.
- Convertible note bears 6% interest, matures Aug 31, 2029; convertible at 85% of 30-day VWAP of common stock, no floor/cap.
- No cash paid at closing; company seeks refinancing within 90 days to fund future payments.
- Series A Preferred Stock established: 50k authorized shares, each convertible into 2.5k common shares, 2.5k votes per share; liquidation preference $0.01/share.
- Promoted Andy Roiniotis to COO (also CMO) and Phil Kang to CIO, both effective Sept 3, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55234/000147793226005420/0001477932-26-005420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55234/000147793226005420/gamg_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-005420

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