This filing signals a significant entrenchment move by the founder, who now controls an overwhelming supermajority of voting power for near-zero cost. Common shareholders should expect no board or strategic changes without founder approval. The OTC-traded stock may see limited liquidity and governance risk premium. Monitor for any related party transactions or going-private proposals.
Price Chart
Executive Summary
GivBux issued 1,000,000 shares of super-voting Series C Preferred Stock to its founder Kenyatto M. Jones in exchange for cancellation of $1,000 in debt. The shares carry 5,000 votes each but are not convertible into common stock, effectively concentrating voting control with the founder without diluting common equity.
Key Financial Metrics
Key Facts
- 1,000,000 shares of Series C Preferred Stock issued to founder Kenyatto M. Jones on May 29, 2026
- Consideration was $1,000 in the form of debt cancellation
- Each Series C share carries 5,000 votes (super-voting), not convertible into common shares
- Founder gains massive voting control with minimal cash-equivalent consideration
- No common shareholder dilution from this issuance
Financial Impact
Founder acquired 5 billion votes (1M shares × 5,000 votes each) for $1,000 in debt forgiveness — effectively $0.0000002 per vote
Risk Factors
- Founder entrenchment with super-voting control may deter potential acquirers or activist investors
- Debt cancellation at nominal value suggests related-party transactions may not be at arm's length
- OTC listing with concentrated control increases governance risk for minority holders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001640334-26-001001 |
| Document: gbux_ex33.htm | 0001640334-26-001001 |
| Document: 0001640334-26-001001-index-headers.html | 0001640334-26-001001 |
| Document: 0001640334-26-001001-index.html | 0001640334-26-001001 |
| Document: 0001640334-26-001001.txt | 0001640334-26-001001 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 5, 2026 20w ago | 8-K | $0.003500 $0.000400 | ▲ +88.57% | ▲ +92.84% | $0.000400 (+88.57%) |
Mar 18, 2026 31w ago | S-1/A | $0.008600 $0.001200 | ▲ +86.40% | ▲ +100.74% | $0.000400 (+95.35%) |
US Market Status
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