Matthew K. Rose and affiliated holders raised their reported DynaResource beneficial ownership to 19.9%, representing 7,479,058 common shares. The activist position matters because Golden Post agreed to support a charter amendment needed to reserve shares for a Warrant acquired in a $861,250.05 unit purchase.

Key Highlights

  • Golden Post Rail holds 4,987,579 DynaResource common shares, equal to 13.3% of the class.
  • Golden Post purchased 1,913,889 units for $861,250.05, with each unit containing common stock and a warrant.
  • The MKR 2022 Grantor Retained Annuity Trust reports 1,755,000 shares, or 4.69% of the class.

Golden Post Rail, LLC and the MKR 2022 Grantor Retained Annuity Trust are also named as reporting persons. The stated purpose is to obtain stockholder approval of a Charter Amendment, accommodate exercise of a warrant and vote in favor of that amendment. The proposed amendment would either increase DynaResource’s authorized common stock or carry out a reverse stock split.

Golden Post Holds 13.3%

Golden Post holds 4,987,579 DynaResource common shares, representing 13.3% of the class. The trust reports 1,755,000 shares, equal to 4.69% of the class. Rose’s reported beneficial ownership includes shares held by Golden Post and the trust, as well as 598,275 shares issuable upon conversion of Golden Post’s derivative securities. DynaResource’s common stock has a Par Value of $0.01 per share.

$861,250.05 Unit Purchase

The aggregate consideration was $861,250.05. The amendment is intended to satisfy DynaResource’s share-reservation obligations, including the shares required for warrant exercise. Those obligations also account for outstanding derivative securities, Equity awards and equity incentive plans.

Charter Vote Sets Warrant Condition

Golden Post also waived certain preemptive and antidilution rights that otherwise would have been triggered by the unit issuance. The warrant’s exercise is tied to completion of the Authorized Shares Condition, making the stockholder vote a stated step in the transaction.