Securetech Innovations, Inc. (SCTH) Form 8-K — Oct 27, 2026
SecureTech Innovations (SCTH) closed a series of agreements on October 22, 2026 with QStak Holding and Craft Capital, obtaining an exclusive worldwide license to QStak's blockchain, exchange, and wallet IP valued at up to $22,000,000, paid solely in a newly designated Series B Preferred Stock across four milestone-based tranches. SecureTech also formed QStak Market, LLC, a joint venture it controls with 57% ownership through subsidiary Piranha Blockchain and intends to consolidate, and separately acquired a net 15% ownership stake in QStak itself for $4,500,000 in Series A Preferred shares.
Key figures
- Jv Ownership
- Piranha (SecureTech) 57%, QStak 38%, Craft Capital 5% profits interest
- Deal Value Usd
- 22000000
- Shares Outstanding
- 22,875,545 common, 19,538 Series A Preferred, 600 Series B Preferred after giving effect
- Jv Initial Valuation
- $22,000,000
- Equity Stake Acquired
- 15% net ownership interest in QStak Holding, LLC for $4,500,000
- License Consideration
- $22,000,000 in Series B Preferred (2,200 shares at $10,000 stated value, four tranches)
- Ownership cap
- 9.9% voting power cap on QStak holdings
- Series b tranche1
- 600 shares ($6,000,000) issued at closing
- Series b tranche2
- 300 shares ($3,000,000) upon Commercial Launch
- Series b tranche3
- 650 shares ($6,500,000) upon $7,500,000 annual gross revenue
- Series b tranche4
- 650 shares ($6,500,000) upon $15,000,000 annual gross revenue
- Series a redemption
- 570 Series A shares redeemed for 5,700,000 common shares at 10,000:1 ratio
- Share price reference
- $17.49 close on OTCQB, October 21, 2026
- Spa repurchase option
- $4,500,000 plus 4% per annum interest for 48 months
- Price acceleration trigger
- $40.00 per share for 15 consecutive trading days
AI analysis
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