---
schema_version: "secwatch.filing_event.v1"
accession: "0001515971-21-000076"
form_type: "8-K"
ticker: "GGBY"
cik: "0001616736"
company_name: "Alpha Investment Inc."
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:25:10.459029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alpha Investment unwinds fracking-sand JV with Parsons; appoints new auditor

## Summary
- Entered Unwinding Agreement on July 29, 2021, terminating joint venture with Parsons Energy Group LLC for ~1,200 acres in Wisconsin containing 1.11B tons of fracking sand.
- Parsons returned 3,382 Series 2020 Preferred Shares to Alpha for cancellation; Alpha assigned its 19% interest in Legacy Sand Group back to Parsons.
- Sadler Gibb & Associates resigned as independent auditor on July 14, 2021, after being engaged on May 14, 2021, with no reports issued and no disagreements.
- Ciro E. Adams, CPA, LLC appointed as new independent registered public accounting firm effective July 23, 2021, approved by sole director on July 26.

## SEC filing metadata
- accession: 0001515971-21-000076
- form_type: 8-K
- ticker: GGBY
- cik: 0001616736
- company_name: Alpha Investment Inc.
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 2.01, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616736/000151597121000076/0001515971-21-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616736/000151597121000076/alpc8k073021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515971-21-000076
- JSON: https://secwatch.observer/filing/0001515971-21-000076.json
- Plain text: https://secwatch.observer/filing/0001515971-21-000076.txt

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