Flywheel Advanced Technology Preferred Stock Converted; Sparta now holds 91.3% of common stock

FLYWHEEL ADVANCED TECHNOLOGY, INC.

Filed amendment on Sept 15, 2022 changing Series A-1 Preferred conversion rate from 162 to 1.62 common shares per preferred share.
Sparta Universal Industrial Ltd., sole holder of 10,000,000 preferred shares, converted all into 16,200,000 common shares.
Post-conversion, Sparta holds 16,200,000 of 17,751,564 total common shares outstanding, or 91.3%.
Board approved conversion and waived any fees or expenses associated with it.
Result is a major ownership concentration and change of control for the company.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.