OtherJun 1, 2026, 04:11 PM
Stewards, Inc. Files S-1/A for Resale of 20.6M Shares
AI Summary
Stewards, Inc. (formerly Favo Capital, Inc.) has filed an S-1/A amendment detailing the resale of up to 20,621,250 shares of common stock. These shares stem from private placements in late 2024 and mid-2025. The company operates in Private Credit and Real Estate, generating $16.3 million in revenue for 2025 and $3.9 million for the first quarter of 2026. A significant aspect of its corporate structure is a multi-class voting system where Series B Preferred Stock holders, currently an affiliate, control approximately 87% of the voting power, potentially limiting common stockholders' influence. The selling stockholders intend to offer shares at a price between $3.00 and $5.00.
Key Highlights
- Stewards, Inc. (formerly Favo Capital, Inc.) is filing an S-1/A amendment for the resale of up to 20,621,250 shares of common stock.
- The shares were issued in private placements closed on December 12, 2024, and July 30, 2025.
- The company has a multi-class voting structure where Series B Preferred Stock holders control approximately 87% of voting power.
- The selling stockholders plan to offer shares at a price between $3.00 and $5.00 per share.
- Stewards, Inc. operates in Private Credit (merchant cash advances) and Real Estate sectors.
- For the year ended December 31, 2025, total revenue was $16.3 million.
- For the three months ended March 31, 2026, total revenue was $3.9 million, with Real Estate contributing 62%.
Price Impact
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