Inky Reaches Settlement Resolving Major Litigation Dispute

Inky ( (MTWO) ) just unveiled an announcement.

M2i Global, Inc. has been embroiled in a legal dispute stemming from a 2022 consulting agreement with James Bernet and 2023 stock subscription agreements with Kelsey James, LLC and BCA Cares, LLC, which led to allegations of breach of contract and securities fraud. The conflict, focused on the termination of the consulting deal and cancellation of certain common shares, produced a default judgment entered on November 12, 2025, awarding plaintiffs $18 million and declaratory rights to 100 million shares, though the company moved on February 12, 2026 to set aside that judgment and considered an appeal.

On March 10, 2026, the parties entered mediation and subsequently, on March 19, 2026, executed a settlement agreement under which M2i Global agreed to transfer 12.5 million common shares to Bernet within five business days, subject to a leak-out provision governing resale. The settlement provides for mutual releases of all claims without any admission of wrongdoing, and the parties plan to seek court approval to set aside the default judgment and dismiss the action within five days after Bernet receives the settlement shares, potentially resolving a significant overhang on the company’s capital structure and legal exposure.

More about Inky

M2i Global, Inc. operates as a corporate entity involved in issuing common stock and entering into consulting and stock subscription agreements, indicating activity in capital markets and advisory arrangements. The company’s recent legal disputes center on its handling of consulting contracts and equity issuances, underscoring governance and shareholder-related risk for stakeholders.

Average Trading Volume: 345,853

Technical Sentiment Signal: Sell

Current Market Cap: $16.55M

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