Hawkeye Systems Restructures Capital and Consolidates Investor Control

Hawkeye Systems ( (HWKE) ) just unveiled an update.

On April 1, 2026, Hawkeye Systems, Inc. issued a $2.77 million non‑interest‑bearing convertible promissory note to Hawkeye Holdco LLC, replacing and restating an existing note originally issued to Steve Hall, with a conversion price initially set at $0.12 per share and subject to anti‑dilution adjustments. On the same date, Hall purchased 2,000 shares of newly designated Series A Convertible Preferred Stock for $200,000, which are convertible into up to 7% of the company’s fully diluted common shares, while Hawkeye granted Hawkeye Holdco registration rights and four board seats under an Investor Rights Agreement, signaling a significant shift in control and capital structure.

Also on April 1, 2026, Hawkeye entered a settlement with Eagle Equities LLC, agreeing to pay $44,000 and issue 500,000 common shares in exchange for a mutual release of claims tied to a prior loan and related matters. Concurrently, the company canceled stock options for 177,600 common shares under separate agreements for nominal consideration, simplifying its equity overhang as it restructures obligations and consolidates influence with key investors.

More about Hawkeye Systems

Hawkeye Systems, Inc. operates as a publicly traded company focused on issuing and restructuring equity and debt securities to support its capital needs. The company’s recent actions indicate an emphasis on convertible instruments and preferred stock structures, reflecting a strategy centered on flexible financing and active management of its capitalization and governance profile.

Average Trading Volume: 5,504

Technical Sentiment Signal: Strong Sell

Current Market Cap: $463.8K

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