{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-026538","form_type":"8-K","ticker":"FWFW","cik":"0001492617","company_name":"FLYWHEEL ADVANCED TECHNOLOGY, INC.","filed_at":"2022-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:55.909627+00:00","generated_at":"2026-06-23T07:59:32.817830+00:00","sec_items":["5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Flywheel Advanced Technology Preferred Stock Converted; Sparta now holds 91.3% of common stock","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-026538","json":"https://secwatch.observer/filing/0001493152-22-026538.json","markdown":"https://secwatch.observer/filing/0001493152-22-026538.md","text":"https://secwatch.observer/filing/0001493152-22-026538.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1492617/000149315222026538/0001493152-22-026538-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1492617/000149315222026538/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T07:59:32.817830+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}