HIGHWAY HOLDINGS LTD Form SCHEDULE 13D — Nov 9, 2026
David Elliot Lazar has filed a Schedule 13D disclosing a $7.0 million investment in Highway Holdings Ltd via 1,750,000 Series AA and 1,750,000 Series AAA Preferred Shares purchased at $2.00 per share under a securities purchase agreement dated November 4, 2026. The Series AA Preferred is convertible into 924,872 common shares (16.7% of the class), while the Series AAA Preferred is convertible into 86,981,972 common shares — with conversion shares representing not less than 95% of the outstanding common stock post-conversion. Effective at closing, Lazar was appointed CEO and a director, and his nominee joined the board, while executives Roland W.
Key figures
- Deal Value Usd
- 7000000
- Shares Outstanding
- 4626676
- Percent owned
- 16.7%
- Participation right
- up to 25% of subsequent financings for 6 months
- Reverse split range
- 1-for-2 to 1-for-99
- Series aa preferred
- 1750000
- Equity plan increase
- 1000000
- Series aaa preferred
- 1750000
- Price per preferred share
- $2.00
- Shares beneficially owned
- 924872
- Series aaa conversion shares
- 86981972
- Special meeting deadline days
- 90
- Cash dividend to legacy holders
- $2,000,000
- Authorized share increase proposed
- 200000000
AI analysis
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