DealsJun 16, 2026, 05:31 PM
Hallmark Venture Group Completes Control Change, Acquires Drone IP
AI Summary
Hallmark Venture Group, Inc. has undergone a significant change of control, with EQUORIX LLC acquiring a controlling stake through the purchase of Series A Preferred Stock and common shares. Concurrently, the company acquired a drone technology portfolio, including patents and trade secrets, and will be renamed SDR Drone Inc. This strategic shift aims to transition the company from a shell entity into a drone development, manufacturing, and training business. EQUORIX also provided a convertible promissory note to the company.
Key Highlights
- EQUORIX LLC acquired 100,000 Series A Preferred Stock (100% of outstanding) and 50,000,000 common shares (75.55% of outstanding) from Hallmark Venture Group, Inc.
- Hallmark Venture Group, Inc. acquired a worldwide portfolio of drone technology, including 12 Korean patents and trade secrets, from Cho Sun Sik and Sundori Drone Co., Ltd.
- The company will be renamed SDR Drone Inc. as part of the change of control transaction.
- EQUORIX provided an 8% Convertible Promissory Note of $100,000 to Hallmark Venture Group, Inc.
- New directors Cho Sun Sik, Dong Wook Chung, and In Chul Chung were elected to the Board.
Price Impact
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