New Majority Owner Acquires Control at 98% Discount, Replaces Entire Board and Management
Summary
IMA Tech announced a change of control where Wang Hui acquired a 57.47% stake for $441,036.60, representing a significant 98% discount to the current stock price, and subsequently replaced the entire board and executive team, appointing himself as sole director and CEO.
Key Events
-
Change of Control
Wang Hui acquired 1,500,000 shares, representing approximately 57.47% of IMA Tech's outstanding common stock, from Liliia Havrykh.
-
Deep Discount Acquisition
The control shares were purchased for a total of $441,036.60, equating to approximately $0.294 per share. This is a ~98% discount to the current stock price of $15.80.
-
Complete Board and Management Overhaul
Former President, CEO, Treasurer, Secretary, and Director Liliia Havrykh, along with directors Daniel Jozef Szaruga and Mateusz Jakubowki, resigned. Wang Hui was appointed as the sole Director, President, Chief Executive Officer, Treasurer, and Secretary.
-
Untimely Disclosure
The company explicitly stated that this Information Statement regarding the change of control, which occurred on December 31, 2025, was not timely filed with the SEC.
Analysis
This SC 14F1 filing reveals a complete change of control and leadership at IMA Tech. Wang Hui acquired a majority stake (57.47%) for $441,036.60, which translates to approximately $0.294 per share. This transaction price represents a staggering 98% discount compared to the current public trading price of $15.80 per share. This significant discrepancy suggests a severe overvaluation in the public market or a distressed sale of control, which is highly negative for existing public shareholders. Following the acquisition, the entire previous board and executive team, including the former CEO, resigned, and Wang Hui was appointed as the sole director and executive officer. The explicit disclosure that the filing was not timely also raises corporate governance concerns. Investors should be aware of the substantial dilution of value implied by the control transaction price relative to the current stock price.
At the time of this filing, IMAA was trading at $15.80 on OTC in the Technology sector. The 52-week trading range was $9.85 to $16.30. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.