other material
confidence high
sentiment neutral
materiality 0.70
GPL Holdings reorganizes into holding company, creates Series Z super-voting preferred stock
GPL Holdings, Inc.
- Reorganization effective May 23, 2022: Benchmark Energy (BMRK) merged into GPL Merger Sub, each BMRK share converted to one GPL Holdings common share.
- Authorized capital: 480M common shares, 20M preferred shares; 1M designated Series Z Preferred with 1 million votes per share.
- Post-reorganization, Sylvester L. Crawford (sole director) controls ~85.81% via GPL Holdings, LLC owning 150M common shares.
- Common stock trades on OTC Expert Market under BMRK pending new ticker; new CUSIP 3621MX103 issued.