RMX INDUSTRIES, INC. SEC Filing
RMX Industries, Inc. amended its preferred stock designation and issued additional Series X Convertible Preferred Stock, and the board terminated its Regulation A offering.
Sentiment and the balance of points
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Rhea-AI Filing Summary
RMX Industries, Inc. amended its preferred stock designation and issued additional Series X Convertible Preferred Stock, and the board terminated its Regulation A offering.
The Company designated and issued 5,000 additional shares of Series X Convertible Preferred Stock to CEO Karl Kit for gross proceeds of $19,250 on March 31, 2026. The Board terminated the Reg A Offering of up to 2,857,142 units (priced at $3.50 per Unit) after selling 356,035 Units for gross proceeds of $1,246,122.50; the last closing occurred on October 30, 2025. The Board also approved a second amendment to the Bylaws.
Insights
Small insider preferred issuance and a closed Reg A offering are administrative but relevant to governance.
The filing documents a 5,000-share issuance of Series X Convertible Preferred Stock to the CEO for $19,250, recorded under Section 4(a)(2) and Rule 506(b). This is a private, accredited‑investor transaction that increases preferred authorization to 6,000 shares.
Separately, the Board terminated the Regulation A offering after prior sales of 356,035 Units for $1,246,122.50. The Bylaws were amended (voting and director removal sections). Subsequent filings should show any material issuer actions tied to these governance changes.
AI-generated analysis. How Rhea-AI works. Not financial advice.