T-REX Acquisition Corp. Appoints New CEO and Chairman Amid Leadership Reshuffle
TRXA has more than doubled off its 52-week low of $0.05 on elevated volume (7.4× avg).
Summary
T-REX Acquisition Corp. announced a significant leadership change, appointing David McPhail as CEO and Frank Horkey as Chairman, while the former CEO and another director resigned.
Key Events · Executive and Board Changes · TRXA
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New CEO Appointed
David McPhail, previously appointed as a director on April 10, 2026, has been named Chief Executive Officer.
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New Chairman Appointed
Frank Horkey has been appointed Chairman of the Board.
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CEO Resignation
Matthew Cohen resigned from his position as Chief Executive Officer and as a member of the Board of Directors.
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Director Resignation
Katharyn Field resigned from her position as a member of the Board of Directors.
Analysis · TRXA · Crypto Assets
T-REX Acquisition Corp. has appointed David McPhail as its new Chief Executive Officer and Frank Horkey as Chairman of the Board. This leadership change follows the resignation of former CEO Matthew Cohen and director Katharyn Field. McPhail's appointment is particularly notable as he was recently added to the board on April 10, 2026, suggesting a planned transition to lead the company, especially in light of its recent data center acquisition and ongoing "going concern" warning. The company states the resignations were not due to disagreements.
At the time of this filing, TRXA was trading at $0.51 on OTC in the Crypto Assets sector, with a market capitalization of approximately $13.8M. The 52-week trading range was $0.05 to $4.94. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.