secwatch.observer — SEC 8-K summary
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Issuer:     Stewards, Inc. (SWRD)
CIK:        0001795851
Form:       8-K
Filed at:   2026-09-14T20:16:54+00:00
Accession:  0001663577-26-000273
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stewards (SWRD) discloses $1.1M cash, $10.1M H1 burn, $69M mortgage in investor deck
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- Stewards had $1.1M unrestricted cash at June 30, 2026 and used $10.1M cash in operations in H1 2026; related-party commitment for at least $24M over 12 months.
- Real Estate Operations posted a $6.4M operating loss for six months ended June 30, 2026; 1818 Park refinanced in July 2026 with $69M senior mortgage and $10M mezzanine.
- Private credit platform: 10,000+ SMBs funded and $153M+ cumulative originations since 2020; 1818 Park valued at $158M with ~92% occupancy.
- Exploratory on-chain/tokenization initiatives are not operational, may never be implemented; no tokenized interests offered.
- Company engaged Lucosky Brookman for potential Nasdaq uplisting, but no assurance of listing; stock trades thinly on OTC under SWRD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795851/000166357726000273/0001663577-26-000273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795851/000166357726000273/swrd_8k091426.htm
  HTML page:      https://secwatch.observer/filing/0001663577-26-000273

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