ModuLink Inc. 8-K

What Happened
ModuLink Inc. (MDLK) filed an 8‑K reporting that on May 5, 2026 it entered into securities purchase agreements with three investors for a private placement offering of up to 12,500 shares of Series A Convertible Preferred Stock. Each preferred share is priced at $80.00 and is convertible into 20,000 shares of common stock. As of the filing the company received gross proceeds of about $300,000 from the sale of 3,750 Series A shares and expects to issue the shares in book‑entry form after receipt of funds and customary closing conditions.

Key Details

• Offering size: up to 12,500 shares of Series A Convertible Preferred Stock; par value $0.001 per share.
• Purchased to date: 3,750 shares sold to three investors for aggregate gross proceeds of approximately $300,000 (3,750 × $80).
• Conversion terms: each Series A share converts into 20,000 common shares (subject to adjustment for splits, dividends, etc.). The 3,750 shares sold would convert into 75,000,000 common shares; a full offering of 12,500 shares would convert into 250,000,000 common shares.
• Regulatory note: the sale was reported as an unregistered, private placement; the form of the securities purchase agreement is filed as an exhibit.

Why It Matters
This filing documents a cash infusion for ModuLink — roughly $300,000 received so far — which can help fund operations or strategic needs. It also establishes a very high conversion ratio (20,000 common shares per preferred), which implies a large potential increase in common shares outstanding if and when conversion occurs; retail investors should be aware of the dilutive mechanics and the low implied per‑share price at conversion (about $0.004 per common share based on the current sales). The transaction terms and the fact that the offering is a private, unregistered placement are material items investors may consider when assessing near‑term capitalization and ownership changes.