Omnitek Engineering sells 5,000 Series A preferred shares for $500,000 in private placement
OMTK•Omnitek Engineering completed a $500,000 private placement of 5,000 Series A preferred shares on Sept. 29, 2026, with a second $500,000 tranche due within 90 days. The shares carry 50,000 votes each, and the company separately issued a warrant to buy 91,666,666 common shares for $550,000.
1. Preferred share placement
Omnitek Engineering completed a private placement of 5,000 Series A Preferred shares for $500,000 on Sept. 29, 2026. The terms call for a second tranche of 5,000 shares for $500,000 within 90 days.
2. Voting rights and warrant
Each Series A Preferred share carries 50,000 votes, giving holder Hard Rock Holdco control of board elections. Separately, Omnitek issued a five-year warrant for $550,000 to buy 91,666,666 common shares at $0.004 per share, subject to a 4.99% cap.
