Monitor for any qualified IPO or conversion event that would trigger automatic conversion of the Series A Preferred, as this would result in extreme dilution. The filing suggests Hard Rock Holdco has significant control and could influence corporate actions.
Price Chart
Executive Summary
Hard Rock Holdco LLC filed a Form 3 initial beneficial ownership report disclosing ownership of 15,000 shares of Omnitek Engineering Corp Series A Preferred Stock, convertible into 750,000,000 common shares. This represents a massive potential dilution of over 100x the current common share count, signaling a significant ownership stake by a new insider entity.
Key Facts
- Hard Rock Holdco LLC filed Form 3 on 2026-10-08, reporting ownership as of 2026-09-29.
- Owns 5,000 shares of Series A Preferred Stock acquired on 2026-09-29, convertible into 250,000,000 common shares.
- Owns 10,000 shares of Series A Preferred Stock acquired on 2026-10-01, convertible into 500,000,000 common shares.
- Total potential common shares upon conversion: 750,000,000.
- Each Series A Preferred share converts into 50,000 common shares with no further consideration.
- Series A Preferred automatically converts upon a qualified IPO with gross proceeds ≥ $20,000,000 and price ≥ $5.00/share, or by majority vote of Series A holders.
Financial Impact
Potential dilution of up to 750,000,000 common shares from Series A Preferred conversion, which would massively dilute existing common shareholders.
Risk Factors
- Extreme dilution risk if Series A Preferred is converted, potentially overwhelming the current common stock float.
- Control by a single entity with conversion rights could lead to governance changes or strategic shifts unfavorable to minority holders.
- No current market price or financial data provided to assess the company's ability to support such dilution.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001477932-26-006119 |
| Document: 0001477932-26-006119-index-headers.html | 0001477932-26-006119 |
| Document: 0001477932-26-006119-index.html | 0001477932-26-006119 |
| Document: 0001477932-26-006119.txt | 0001477932-26-006119 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 8-K | $0.0300 $0.0200 | ▲ +33.33% | ▲ +33.67% | $0.0300 (+0.00%) |
Oct 9, 2026 18d ago | SC 13D | $0.0300 $0.0300 | · 0.00% | ▼ −0.06% | $0.0300 (+0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▲ +0.60% | $0.0300 (+0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▼ −0.60% | $0.0300 (−0.00%) |
Oct 8, 2026 19d ago | 3 | $0.0300 $0.0300 | · 0.00% | ▼ −0.60% | $0.0300 (−0.00%) |
Oct 5, 2026 22d ago | 8-K | $0.0400 $0.0300 | ▼ −25.00% | ▼ −25.55% | $0.0300 (−25.00%) |
Oct 1, 2026 26d ago | 8-K | $0.0300 $0.0400 | ▼ −33.33% | ▼ −32.66% | $0.0300 (+0.00%) |
Sep 30, 2026 27d ago | 8-K | $0.0300 $0.0200 | ▲ +33.33% | ▲ +33.51% | $0.0300 (+0.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers