Londax Corp. Sees Control Shift as Alpha Investment Acquires 90% Stake and Installs New CEO
LDXC has more than doubled off its 52-week low of $0.25 on light trading volume (0.1× avg).
Summary
Alpha Investment Inc. acquired 90% of Londax Corp. in an all-cash deal, installed its own CEO, and relocated the company to Ohio. This is a full change of control with no prior public disclosure.
Key Events · Executive and Board Changes · LDXC
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Change of Control
In a deal that reshapes ownership, Alpha Investment Inc. acquired 2,002,035 shares—approximately 90% of the outstanding—from former sole officer/director Giorgi Loloshvili and minority shareholders for cash via installment payments ending July 13, 2026.
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New Management Installed
Effective July 13, 2026, Jon S. Cummings IV, Alpha's Chairman and CEO, was appointed as Londax's sole officer and director, replacing Giorgi Loloshvili, who resigned on June 29, 2026.
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Headquarters Relocated
The principal executive offices moved from Limassol, Cyprus to Cincinnati, Ohio, aligning with the new management's base.
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No Compensation for New CEO
Cummings has not entered into any compensatory arrangement with Londax, suggesting that the value of control lies in strategic direction rather than immediate pay.
Analysis · LDXC · Technology
Alpha Investment Inc. has acquired roughly 90% of Londax Corp.'s outstanding shares from former sole officer and director Giorgi Loloshvili and minority shareholders. The all-cash transaction, paid in installments through July 13, 2026, hands Alpha control of the board and all stockholder matters. Stepping in as Londax's sole officer and director is Jon S. Cummings IV, Alpha's Chairman and CEO. This marks a complete change of control and management, effectively turning Londax into a vehicle for Alpha's strategic plans. The company also shifted its headquarters from Cyprus to Cincinnati, Ohio. Against the backdrop of Londax's going-concern warning and ineffective internal controls disclosed in its last 10-Q, this takeover could be a lifeline or a prelude to a reverse merger. The absence of any compensatory arrangement for Cummings suggests the value lies in control, not salary.
At the time of this filing, LDXC was trading at $1.50 on OTC in the Technology sector. The 52-week trading range was $0.25 to $3.64. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.