---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-008854"
form_type: "8-K"
ticker: "GRPS"
cik: "0001990446"
company_name: "Trans American Aquaculture, Inc"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:48:49.909306+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Directors resign; subsidiary Trans American Aquaculture LLC files Chapter 11 bankruptcy

## Summary
- Directors Saleem Elmasri and Jeffrey Sedacca resigned Dec 9, 2024; Elmasri also resigned as Audit Committee Chair.
- Wholly owned subsidiary TAA LLC filed for Chapter 11 bankruptcy on Dec 13, 2024 after note holder recorded deed in lieu foreclosure.
- Bankruptcy case #24-10217; company states it will continue operations and develop a restructuring plan to reduce debt.
- CEO Adam Thomas cites commitment to preserving assets and emerging as a stronger company.

## SEC filing metadata
- accession: 0001683168-24-008854
- form_type: 8-K
- ticker: GRPS
- cik: 0001990446
- company_name: Trans American Aquaculture, Inc
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990446/000168316824008854/0001683168-24-008854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990446/000168316824008854/transaqua_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-008854
- JSON: https://secwatch.observer/filing/0001683168-24-008854.json
- Plain text: https://secwatch.observer/filing/0001683168-24-008854.txt

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