CEO Johnny Chen Reveals 11.5% Stake Following Reverse Merger with EV Startup Light Across
Summary
CEO and CFO Johnny Chen received 724.2 million shares (an 11.5% stake) in the reverse merger with EV startup Light Across, according to a new 13D filing.
Key Events · Ownership and Investor Activity · SEII
-
CEO/CFO Receives 11.5% Stake in Reverse Merger
Under the Share Exchange Agreement dated August 2, 2026, Johnny Chen acquired 724,224,643 shares of common stock, giving him an 11.5% ownership stake based on 6,248,548,045 shares outstanding.
-
Insider Alignment with New EV Business
As both CEO and CFO of the issuer, Chen's significant personal stake aligns his interests with the success of the reverse merger with Light Across, an EV startup.
-
Highly Dilutive Transaction
The 724.2 million shares issued to Chen are part of a broader reverse merger that resulted in over 6.2 billion shares outstanding, contributing to the sub-penny stock price and micro-cap valuation.
-
No Immediate Plans for Changes
Chen states the shares are held for investment purposes and he has no current plans for extraordinary corporate transactions, board changes, or other material changes to the issuer's structure.
Analysis · SEII · Technology
In a first-time disclosure, Johnny Chen—who holds both the CEO and CFO roles at Sharing Economy International—reported receiving 724.2 million shares, representing an 11.5% stake, as consideration in the reverse merger with Light Across. This makes him a significant insider holder in a company that, just days ago, was a shell facing deregistration. The stake ties his interests directly to the new EV venture, but the enormous share count (over 6.2 billion outstanding) and sub-penny stock price highlight the transaction's highly dilutive nature and the company's micro-cap status.
At the time of this filing, SEII was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $855.2K. The 52-week trading range was $0.00 to $0.00. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.