SecureTech Closes $22M QStak Blockchain License, Forms JV, Buys 15% Stake
SCTH filed a M&A and Partnerships on light trading volume (0.3× avg).
Summary
SecureTech closed an exclusive license to QStak's blockchain technology for up to $22 million in Series B Preferred, formed a 57%-owned joint venture, and bought a 15% stake in QStak for $4.5 million in Series A Preferred — all stock, no cash.
Key Events · M&A and Partnerships · SCTH
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Exclusive QStak License Closed
SecureTech obtained a perpetual, exclusive, worldwide license to QStak's blockchain, exchange, wallet and related IP for aggregate stated consideration of up to $22,000,000, payable solely in 2,200 shares of new Series B Preferred at a $10,000 stated value.
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Tranches Tied to Milestones
600 Series B shares ($6,000,000) were earned at closing; 300 shares ($3,000,000) on commercial launch of the QStak exchange; 650 shares ($6,500,000) at $7,500,000 trailing-12-month JV revenue; and 650 shares ($6,500,000) at $15,000,000.
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15% QStak Stake for Stock
SecureTech paid $4,500,000 for a net 15% interest in QStak by issuing 26 Series A Preferred shares valued at $4,547,400, based on the $17.49 October 21, 2026 closing price times the 10,000-share redemption ratio; it holds a 48-month option to repurchase them for $4.5 million plus 4% interest.
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Related-Party Share Redemption
SecureTech redeemed 570 Series A Preferred into 5,700,000 common shares, including 350 shares held by CEO-controlled Taurus Financial for 3,500,000 shares; no cash was paid and voting power was unchanged because each Series A share carries 10,000 votes.
Analysis · SCTH · Manufacturing
No cash changes hands in this deal: SecureTech is paying up to $22 million in newly created Series B Preferred for an exclusive license to QStak's blockchain, exchange and wallet technology, plus another $4.5 million in Series A Preferred for a 15% stake in QStak itself. The transaction gives Piranha Blockchain its first operating business and a consolidated revenue stream, but it is heavily related-party. In the same transaction, CEO J. Scott Sitra's entity Taurus converted 350 Series A shares into 3.5 million common shares, and the Series B carries 2,700 votes per share. Because the license value is a stated number pending independent valuation, and the company has previously disclosed going-concern doubt and a restatement, the intangible asset and equity stake could be written down if the technology or revenue milestones disappoint.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. 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, SCTH was trading at $20.10 on OTC in the Manufacturing sector, with a market capitalization of approximately $343.6M. The 52-week trading range was $0.02 to $23.49. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.