Invech Holdings Changes Control: Woods-Leo Sells 75.9% Stake to Adair for $290K, Resigns, and Spins Out Paragon Assets
IVHI has more than doubled off its 52-week low of $0.003 on light trading volume (0.1× avg).
Summary
Invech Holdings undergoes a change of control as Alexander Woods-Leo sells his 75.9% common stake and all Series A preferred shares to Stephen Ken Adair for $290,000, resigns all positions, and spins out the Paragon Rentals platform to himself. The company is left as a shell with a new sole director from the travel industry.
Key Events · Executive and Board Changes · IVHI
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Change of Control
Alexander M. Woods-Leo sold 88,000,000 common shares (75.9% of outstanding) and 300,000 Series A preferred shares (100% of class, carrying 80% voting power) to Stephen Ken Adair for $290,000, transferring full corporate control.
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Management Overhaul
Woods-Leo resigned as President, CEO, CFO, Treasurer, Secretary, and Director. Adair was appointed to all those roles, becoming the sole officer and director.
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Core Asset Divestiture
As a condition of the sale, the company spun out its Paragon Rentals SaaS platform — its only operating asset — to Paragon Rentals, Inc., an entity controlled by Woods-Leo, for $1. The company is now effectively a shell.
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Going-Concern Context
The change of control follows a Q1 2026 10-Q that reported only $100 in cash and substantial doubt about the company's ability to continue as a going concern.
Analysis · IVHI · Trade & Services
This 8-K reports a complete change of control at Invech Holdings. Majority shareholder Alexander M. Woods-Leo sold his entire control block — 88 million common shares (75.9% of outstanding) and all 300,000 Series A preferred shares (carrying 80% voting power) — to Stephen Ken Adair for $290,000. Simultaneously, Woods-Leo resigned all officer and director roles, and Adair was appointed President, CEO, CFO, Treasurer, Secretary, and sole Director. As a condition of the deal, the company's only operating asset — the Paragon Rentals SaaS platform — was spun out to an entity controlled by Woods-Leo for $1. The company, already under a going-concern warning with just $100 in cash as of its last 10-Q, is now a shell with a new controlling shareholder whose background is in travel, not real estate tech. The transaction fundamentally alters the company's ownership, management, and business, and the divestiture of the core asset raises serious questions about what, if anything, remains for public shareholders.
At the time of this filing, IVHI was trading at $0.04 on OTC in the Trade & Services sector, with a market capitalization of approximately $4M. The 52-week trading range was $0.00 to $7.90. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.