Transglobal Doubles Authorized Shares to 40B and Creates 4% Series B Preferred
TMGI has more than doubled off its 52-week low of $0.
Summary
Transglobal Management Group doubled its authorized common shares to 40 billion and designated a new Series B Preferred Stock convertible into 4% of the company's common equity, though the Series B conversion is not protected against reverse splits or consolidations and will dilute common stockholders by up to 4%.
Updated with an SEC PRE 14C filing · What changed
Updates
· SEC PRE 14C — The PRE 14C states Series B Preferred Stock is not subject to adjustment for reverse stock splits or other stock consolidations, and conversion will dilute common stockholders by up to 4% in aggregate.
Key Events · Corporate Governance and Compliance · TMGI
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Updated · · SEC PRE 14C
Series B Preferred Stock Created
Eight shares of Series B Preferred Stock were designated, each convertible into 0.5% of issued and outstanding Common Stock (4% in aggregate). The Series B conversion is not subject to adjustment for reverse stock splits or other stock consolidations, and conversion will dilute common stockholders by up to 4% in aggregate.
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Authorized Shares Doubled to 40 Billion
The Board and majority shareholder approved an increase in authorized Common Stock from 20 billion to 40 billion shares, effective upon filing with the Florida Department of State no earlier than 20 days after mailing a Schedule 14C information statement.
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Going Concern Backdrop
The filing follows the September 15, 2026 10-K that disclosed substantial doubt about the company's ability to continue as a going concern and a $5.8 million loss, indicating the share authorization increase may be preparation for further capital raises.
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Effective Date Pending
The Restatement becomes effective upon filing with the Florida Department of State, which will occur no earlier than 20 calendar days after the company mails a definitive Information Statement on Schedule 14C to shareholders.
Analysis · TMGI · Technology
Transglobal Management Group has again expanded its authorized common stock, this time from 20 billion to 40 billion shares, and introduced a new Series B Preferred Stock whose eight shares convert into a fixed 4% of the company's common equity. The Series B conversion right is percentage-based but is not subject to adjustment for reverse stock splits or other stock consolidations, and the conversion will dilute common stockholders by up to 4% in aggregate. This comes just weeks after the company's 10-K disclosed substantial doubt about its ability to continue as a going concern and a $5.8 million loss, and days after it unwound its GetGolf.com sale. The combination of a doubling of authorized shares and a 4% equity stake for a new preferred holder suggests the company is preparing for significant additional capital raises or conversions, which could further dilute existing common shareholders.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 36.9% of the 1029 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. 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, TMGI was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $112.2K. The 52-week trading range was $0.00 to $0.14. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.