Dynamic Aerospace Systems Corporation filed a Form 8-K on October 29, 2026, disclosing that Chief Operating Officer and director Jeffrey Hail entered into a Master Short-Term Loan Agreement with the company on October 23, 2026, providing unsecured advances of up to $150,000 total.

Key Highlights

  • Agreement date: The Master Short-Term Loan Agreement was executed on October 23, 2026, between the company and Jeffrey Hail, its Chief Operating Officer and a director.
  • Advance limits: Mr. Hail agreed to make unsecured short-term advances of up to $40,000 each and $150,000 in total, according to the filing.
  • Initial advance: On October 23, 2026, Mr. Hail funded an initial advance of $27,000.
  • Interest and discount terms: Each advance carries a 5% original issue discount and bears simple interest at 18% per annum on any amount unpaid more than 14 days after funding.
  • Repayment deadline: Advances are due no later than the earlier of December 31, 2026 and the company's uplisting to a national securities exchange.
  • Termination right: Mr. Hail retains the right to terminate further funding on five business days' notice.
  • CEO shareholder letter: The filing also furnished a shareholder letter from Chief Executive Officer Kent B. Wilson as Exhibit 99.1 under Regulation FD.

Dynamic Aerospace Systems Discloses Related-Party Loan Agreement with COO Hail

According to the Form 8-K filed by Dynamic Aerospace Systems Corporation (securities registered under Section 12(b): None), the company entered into a Master Short-Term Loan Agreement with Jeffrey Hail, who serves as both the company's Chief Operating Officer and a director. The filing, covering an event dated October 23, 2026, was filed with the SEC on October 29, 2026. The company is incorporated in Nevada, with principal executive offices at 3753 Plaza Dr, Ann Arbor, MI 48108.

The filing discloses that the Master Agreement permits Mr. Hail to make individual unsecured advances of up to $40,000 each, with a cumulative cap of $150,000. Each advance is subject to a 5% original issue discount. The filing further states that simple interest at 18% per annum applies to any amount remaining unpaid more than 14 days after the funding date. Repayment is due by the earlier of December 31, 2026, or the company's uplisting to a national securities exchange. The filing notes that advances under this Master Agreement are to be repaid before payments under Mr. Hail's other loan agreements with the company. Mr. Hail made an initial advance of $27,000 on October 23, 2026.

Separately, the filing furnished a shareholder letter from CEO Kent B. Wilson under Item 7.01 (Regulation FD Disclosure) as Exhibit 99.1. The filing specifies that this letter contains forward-looking statements regarding, among other things, "anticipated sales conversions, customer demand, product development, strategic partnerships, patent applications, financing, preferred-share conversions, and a potential national securities exchange listing," and that such statements "are based on management's current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially."

What Was Disclosed

Dynamic Aerospace Systems Corporation disclosed a related-party unsecured lending arrangement with COO and director Jeffrey Hail, an initial $27,000 advance already funded, and a CEO shareholder letter furnished under Regulation FD, all in a Form 8-K covering events of October 23, 2026.