---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019996"
form_type: "8-K/A"
ticker: "FWFW"
cik: "0001492617"
company_name: "FLYWHEEL ADVANCED TECHNOLOGY, INC."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:08:03.255356+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Flywheel majority shareholder Sparta sells 4.76M shares for $12.98M, stake drops to 40.64%

## Summary
- Sparta entered subscription agreements with 29 investors to sell 4,764,547 shares at $12,975,348.18 total.
- Post-sale, Sparta holds 11,435,453 shares, or 40.64% of outstanding common stock.
- Amendment restates beneficial ownership: Tang Siu Fung controls 40.64% via Sparta; QBS Flywheel holds 31.77%.
- Company contractually obligated to issue 1,450,000 shares each to Sau Ping Leung and So Ha Tsang.
- Conversion of A-1 Preferred Shares to 16,200,000 common shares on Sept 15, 2022, approved.

## SEC filing metadata
- accession: 0001493152-23-019996
- form_type: 8-K/A
- ticker: FWFW
- cik: 0001492617
- company_name: FLYWHEEL ADVANCED TECHNOLOGY, INC.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492617/000149315223019996/0001493152-23-019996-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492617/000149315223019996/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019996
- JSON: https://secwatch.observer/filing/0001493152-23-019996.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019996.txt

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