Omnitek Engineering files initial beneficial ownership statement for Hard Rock Holdco LLC
OMTK•Omnitek Engineering disclosed Hard Rock Holdco as a 10% owner. The filing reported Series A preferred stock convertible into up to 750 million common shares, with an automatic conversion trigger for an underwritten offering priced at least $5 per share and generating at least $20 million in gross proceeds.
1. Ownership filing
Omnitek Engineering reported Hard Rock Holdco’s direct ownership position in an initial beneficial ownership filing. The filing reported Series A preferred stock convertible into up to 750 million common shares, immediately exercisable with no stated expiration date. An automatic conversion trigger includes an underwritten public offering priced at least $5 per share with at least $20 million in gross proceeds.
