---
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"
generated_at: "2026-06-23T07:59:32.817830+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-026538
- JSON: https://secwatch.observer/filing/0001493152-22-026538.json
- Plain text: https://secwatch.observer/filing/0001493152-22-026538.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.