secwatch.observer — SEC 8-K summary
======================================

Issuer:     METROSPACES, INC. (—)
CIK:        0001488501
Form:       8-K
Filed at:   2026-10-09T15:39:36+00:00
Accession:  0001903596-26-000372
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Villa Magna acquires control of Metrospaces; Brito resigns as CEO, Lebrun named CEO, Salinas Chair
--------------------------------------------------------------------------------

- Buyer Villa Magna, represented by Maria Salinas, acquired 1,643,255 Series B and 4.5 Series E preferred shares from GBS Capital and Oscar Brito on Oct 6, 2026 with no cash purchase price.
- Brito resigned as CEO and director effective 12:00 p.m. ET Oct 6, 2026; resignation was voluntary and not due to any disagreement; board size fixed at three.
- New appointments: Benoît Lebrun CEO, Freddy Arciniegas Mejía CFO, Maria Salinas Director/Chair/Acting Secretary, René Herzog Deputy Director of Operations.
- Schedule 1 states the 4.5 Series E shares transferred represent 72% of total voting power; Shokworks retains 0.5 Series E share stated at 8%.
- Board authorized reconciliation of roughly $600,000 of claimed loans and pursuit of Indianapolis fraud claims; Buyer must file an OTC Markets application within 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488501/000190359626000372/0001903596-26-000372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488501/000190359626000372/mspc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-26-000372

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer