CEO-Controlled Pani Corp. Buys 130,000 AI OKTO Shares for $1.06M, Stake Rises to 77.2%
AIOK has more than doubled off its 52-week low of $3.9 on elevated volume (5.1× avg).
Summary
Pani Corp., controlled by CEO Petros Panagiotidis, bought 130,000 AI OKTO shares for $1.06M in the open market on October 23, raising its beneficial ownership to 77.2%.
Key Events · Ownership and Investor Activity · AIOK
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Controller Buys 130,000 Shares
Pani Corp. purchased 130,000 common shares in the open market on October 23, 2026 for a total of $1,059,604.00, funded by personal cash of Mr. Panagiotidis.
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Stake Rises to 77.2%
Beneficial ownership increased from 74.2% to 77.2% of the 4,319,916 shares outstanding, per the Form 20-F filed September 9, 2026.
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Purchases Averaged Well Below Today's Price
Tranches ranged from $5.53 to $13.36 per share; the largest block of 79,858 shares carried a $6.0925 weighted average, versus today's $14.2991 quote.
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Preferred Shares Add Voting Weight
Pelagos Holdings, also controlled by Mr. Panagiotidis, holds 40,000 Series B Preferred Shares, each with the voting power of 100,000 shares.
Analysis · AIOK · Energy & Transportation
Petros Panagiotidis, through Pani Corp., spent $1,059,604 of personal funds on 130,000 open-market shares on October 23, lifting the controlled stake from 74.2% to 77.2% of 4,319,916 shares outstanding. The purchases were spread across a wide $5.53-$13.36 range, with the bulk (79,858 shares) at a $6.0925 weighted average, so the effective cost was well below today's $14.2991 quote. That is real cash from the controlling holder, not an option exercise, and it comes days after the company declared a $3.50 per share special dividend and agreed to sell the Dream Arrax. The flip side is that a 77.2% stake plus 40,000 Series B preferred shares carrying 100,000 votes each leaves very little free float and makes minority holders passengers on the controller's decisions.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AIOK was trading at $14.30 on NASDAQ in the Energy & Transportation sector. The 52-week trading range was $3.90 to $17.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.