ADM TRONICS UNLIMITED, INC. (ADMT) Form SCHEDULE 13D — Nov 3, 2026
Gregory D. Wasson and G&K Investment Holdings LLC filed a Schedule 13D disclosing a 21.6% stake in ADM Tronics Unlimited (ADMT) after paying $1.25 million for 12.5 million shares plus warrants for 6.25 million more, all priced at $0.10 per share in a private placement that closed October 27, 2026. The 13D is unusually activist in structure: the purchase agreement reconstitutes ADM Tronics' board, with Klaus Kleinfeld slated as Independent Non-Executive Chairman and Wasson as Anchor Investor Designee, and grants the Anchor Investor consent rights over issuances, borrowings, related-party deals and compensation before the board transition completes.
Key figures
- Shares Outstanding
- 67,588,492 (pre-closing, as of Aug 19, 2026)
- Warrant shares
- 6250000
- Percent of class gk
- 17.5%
- Reverse split ratio
- 1-for-20 (contemplated)
- Warrant exercise price
- $0.10
- Aggregate cash invested
- $1,250,000 (Wasson LLC $250,000; G&K $1,000,000)
- Legacy business funding
- $500,000
- Percent of class wasson
- 21.6%
- Equity incentive reserve
- 10% to 15% of fully diluted shares
- Purchase price per share
- $0.10
- Target offering proceeds
- $5 million
- Beneficial ownership shares
- 18750000
AI analysis
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