Global-Smart.Tech Inc. 8-K

What Happened Global-Smart.Tech Inc. (GSMT) announced in an 8-K that on June 12, 2026 CEO and principal shareholder Yehor Rodin voluntarily delivered and surrendered 3,000,000 shares of the company’s common stock to the company for cancellation and retirement. The shares were surrendered for zero consideration ($0.00) and treated as a voluntary capital contribution. The Company’s Board of Directors formally accepted the surrender and instructed the transfer agent to cancel and retire the shares (board action dated June 11, 2026). After cancellation, the surrendered shares reverted to authorized but unissued status.

Key Details

• Surrendered shares: 3,000,000 common shares delivered by CEO Yehor Rodin.
• Consideration: $0.00 (voluntary capital contribution).
• Outstanding shares reduced from 6,134,780 to 3,134,780 after cancellation.
• Authorized shares of common stock were not changed; cancelled shares became authorized but unissued.

Why It Matters For investors, the immediate, concrete effect is a reduction in the company’s issued and outstanding common shares, which can affect per-share metrics (for example, earnings per share or ownership percentages) without any cash exchange. The filing confirms the transaction was voluntary by the CEO and did not change the total number of authorized shares. This is a capital-structure event to note when assessing share count, ownership dilution, and per-share valuation going forward.