litigation
confidence high
sentiment neutral
materiality 0.72
ADIA Med sues Tydus Richards and 12 others to quiet title in 29,059,792 shares, 30.78% of common
Adia Nutrition, Inc.
- ADIA Med filed a verified complaint September 28, 2026 in Seminole County, Florida Circuit Court, Case No. 2026CA002155, against Tydus Richards and 12 other claimants.
- The action seeks to quiet title in 29,059,792 shares, or 30.78% of issued and outstanding non-preferred common stock, valued at $3,487,175.04 at the August 13, 2026 close.
- A ruling for the company could reduce shares deemed issued and outstanding by up to 29,059,792; ADIA says it will not treat the shares as retired unless a court orders it.
- The complaint alleges a January 2024 change of control when Legends Investment Properties LLC acquired all Special 2022 Series A Preferred stock carrying 60% of voting rights.
- No responsive pleading or hearing is set; other named claimants include Wen Peng, Teibs Asia Limited, Golden Communications Inc., Revete Capital Partners LLC and Vector Group International LLC.