Invech Holdings Undergoes Control Change; Adair Appointed CEO
Invech Holdings, Inc. experienced a change of control as majority shareholder Alexander M. Woods-Leo sold his controlling stake to Stephen Ken Adair for $290,000. This transaction included 88 million shares of Common Stock and 300,000 shares of Series A Preferred Stock, representing 75.9% of common stock and 100% of Series A preferred, which confers 80% voting control. Concurrently, Mr. Woods-Leo resigned from all his executive and director positions, and Stephen Ken Adair was appointed as the new President, CEO, CFO, Treasurer, Secretary, and Director. As a condition of the sale, the company divested its Paragon Assets, a real estate rental property management platform, to an entity controlled by Mr. Woods-Leo for nominal consideration.
Key Highlights
- Stephen Ken Adair acquired a controlling stake in Invech Holdings for $290,000.
- The acquisition included 88,000,000 Common Shares and 300,000 Series A Preferred Shares.
- This represents 75.9% of Common Stock and 100% of Series A Preferred Stock.
- Series A Preferred Stock confers 80% of the total voting power.
- Alexander M. Woods-Leo resigned from all executive and director roles.
- Stephen Ken Adair was appointed President, CEO, CFO, Treasurer, Secretary, and Director.
- Invech Holdings divested its Paragon Assets to an entity controlled by Mr. Woods-Leo.
- The Paragon Assets were a software-as-a-service real estate rental property management platform.
Price Impact
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