StageWise Closes TEG SPV Reverse Merger, Waives $18M Financing Condition
STWI is trading near its 52-week low of $0.472 (0.0% above the low).
Summary
StageWise closed its reverse merger with TEG SPV on October 13, 2026, issuing 183.1M shares for 99.99999012% of the Uzbek hospitality group. The $18M concurrent financing condition was waived, and the company renamed itself TEG Overseas, Inc.
Key Events · M&A and Partnerships · STWI
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Reverse Merger Closed
StageWise acquired 99.99999012% of TEG SPV LLC on October 13, 2026, issuing 183,098,434 shares (124.5M to TEG Parent, 58.6M to the Individual Seller). TEG SPV operates Hilton Tashkent, Wyndham Bukhara, and Central Asian Expo.
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$18M Financing Condition Waived
All parties waived the Concurrent Financing Condition requiring the company to raise at least $18,000,000 substantially concurrently with closing. The deal closed without this capital raise.
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Name Change to TEG Overseas
The company changed its corporate name to TEG Overseas, Inc., effective October 12, 2026, via Amended and Restated Articles of Incorporation filed in Nevada.
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New Board and Ownership
Post-closing, TEG Parent owns 68.30% and the Individual Seller owns 31.14% of 188,142,768 shares outstanding (99.44% combined). A new five-member board takes effect on the Registration Date, expected no later than October 16, 2026.
Analysis · STWI · Technology
StageWise Strategies Corp. completed its reverse merger with TEG SPV LLC on October 13, 2026, issuing 183.1 million shares to acquire 99.99999012% of the Uzbek hospitality group. The deal transforms the company from a micro-cap SEO business into the operator of Hilton Tashkent, Wyndham Bukhara, and the Central Asian Expo. Critically, all parties waived the $18 million concurrent financing condition, meaning the transaction closed without the capital raise that was originally required — a significant concession that raises questions about the combined entity's near-term liquidity. The company also changed its name to TEG Overseas, Inc. and installed a new five-member board. Post-closing, the sellers control 99.44% of the 188.1 million shares outstanding, leaving public float extremely thin.
How filings like this one have moved
In the 30 days to Oct 14, 2026, 43.6% of the 291 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, STWI was trading at $0.47 on OTC in the Technology sector. The 52-week trading range was $0.47 to $0.50. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.