Malcolm McNeill
the resignation of Malcolm McNeill
Highest-materiality recent filing
Trans American Aquaculture raises $59K via Series D Preferred Stock and warrants to GHS Investments
Issued 59 shares of Series D Preferred at $1,000/share plus 6 commitment shares; stated value $1,200/share.
Initial closing of 19 Series D Preferred shares (3 for legal fees, 6 commitment shares); total potential up to 63 shares for $60K.
Filed Amended and Restated Certificate of Designation for Series D Convertible Preferred Stock on Aug 22, 2025.
Trans American Aquaculture secures up to $10M equity financing from GHS at 80% discount
Entered Equity Financing Agreement with GHS Investments for up to $10M over 36 months.
Dismissed Burton, McCumber & Longoria as auditor effective June 26, 2025; no disagreements reported.
Trans American Aquaculture raises up to $104k; grants warrants for 307M shares
Initial closing: GHS Investments purchased 36 shares Series D Preferred at $1,000/share; received 10 commitment shares.
Directors resign; subsidiary Trans American Aquaculture LLC files Chapter 11 bankruptcy
Directors Saleem Elmasri and Jeffrey Sedacca resigned Dec 9, 2024; Elmasri also resigned as Audit Committee Chair.
Trans American Aquaculture defaults on $194.4K notes; creditor demands $234,927
Missed $21,018 payment due Sept 30 on $82,800 note; cross-default accelerated both notes ($194,400 total principal).
Adam Thomas appointed CFO of Trans American Aquaculture, also CEO
Board appointed current CEO Adam Thomas as CFO effective Aug 16, 2024.
$350,000 secured promissory note issued to IG Holdings and Iron Rings; fixed interest $12,500/month (42.9% annual).
Trans American Aquaculture sells entire 2023 harvest; major east coast supermarket stocks shrimp
Sold all 2023 farm-raised shrimp production; product now on shelves at a major east coast supermarket chain.
the resignation of Malcolm McNeill
On August 16, 2024, the board of directors of Trans American Aquaculture, Inc., a Colorado corporation (the “ Company ”), approved the appointment of Adam Thomas (the Company’s current Chief Executive Officer) as the Company’s Chief Financial Officer and Principal Financial and Accounting Officer to fill the position vacated by the resignation of Malcolm McNeill
Max materiality 0.85 · Median 0.60 · Most common event other_material