Omnitek Cedes Control to Hard Rock Holdco via $500K Preferred Stock and $550K Warrant
OMTK sits 21% above its 52-week low of $0.01.
Summary
Omnitek Engineering sold control to Hard Rock Holdco via $500K in super-voting preferred stock and issued a $550K warrant for 91.7M shares at $0.004, while cancelling all outstanding options.
Key Events · Financing and Capital Events · OMTK
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Control Sold for $500K
Hard Rock Holdco, LLC bought 5,000 shares of Series A Preferred Stock for $500,000. Each share carries 50,000 votes, giving the holder 250 million votes and control of the board.
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Warrant for 91.7M Shares at $0.004
Hawkeye Digital Inc. paid $550,000 for a 5-year warrant to buy 91,666,666 common shares at $0.004 per share — roughly one-third of today's $0.0121 price — with cashless exercise and a 4.99% ownership blocker.
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All Options Cancelled
As a condition of closing, all owners of options to acquire 1,450,000 common shares agreed to cancel them. No stock options remain outstanding.
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Tranche 2 Required Within 90 Days
The Preferred Purchase Agreement requires a second closing of an additional 5,000 Series A Preferred shares for another $500,000 no later than 90 days after September 29, 2026.
Analysis · OMTK · Manufacturing
Omnitek Engineering, already grappling with going-concern doubt and a 52% revenue drop, has effectively handed control to Hard Rock Holdco, LLC. The 5,000 shares of Series A Preferred Stock sold for $500,000 carry 50,000 votes each — 250 million votes total — enough to control the board and the company's direction. The same day, a third party paid $550,000 for a warrant to buy 91.7 million common shares at $0.004, a strike price roughly one-third of today's $0.0121 price. All outstanding options were cancelled as a condition of the deal. This is a distressed-company rescue financing that transfers control and creates massive potential dilution.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 41% of the 305 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. 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, OMTK was trading at $0.01 on OTC in the Manufacturing sector, with a market capitalization of approximately $265.6K. The 52-week trading range was $0.01 to $0.06. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.