Gregory D. Wasson and G&K Investment Holdings LLC filed a joint Schedule 13D with the SEC on November 3, 2026, disclosing beneficial ownership of 18,750,000 shares of ADM Tronics Unlimited, Inc. common stock following an initial closing on October 27, 2026.

Key Highlights

  • Aggregate beneficial ownership: Gregory D. Wasson reports beneficial ownership of 18,750,000 shares, representing 21.6% of the class, according to the filing.
  • Purchase price: Shares were acquired at $0.10 per share, with accompanying warrants carrying an initial exercise price of $0.10 per share, subject to adjustment.
  • Funds deployed: Wasson LLC paid $250,000 for 2,500,000 shares and G&K paid $1,000,000 for 10,000,000 shares; no borrowed funds were used, the filing states.
  • Warrants included: The 18,750,000 total includes 6,250,000 shares issuable upon exercise of immediately exercisable warrants beneficially owned by Mr. Wasson.
  • Prospective board role: The Purchase Agreement provides for Mr. Wasson's appointment as the initial Anchor Investor Designee to the board; he had not joined the board as of the filing date.
  • Targeted offering size: The Purchase Agreement contemplates aggregate proceeds targeted at approximately $5 million, with additional rolling closings through no later than December 31, 2026, subject to the agreement's conditions.

Wasson and G&K Acquire Stakes in ADM Tronics via October 2026 Private Placement

According to the Schedule 13D filed jointly by Gregory D. Wasson and G&K Investment Holdings LLC, the securities were acquired through a Securities Purchase Agreement dated October 26, 2026, among ADM Tronics Unlimited, Inc. (OTCQB:ADMT) and the purchasers party to that agreement. The initial closing took place on October 27, 2026. Wasson LLC, wholly owned by Mr. Wasson, purchased 2,500,000 shares along with a warrant to purchase 1,250,000 additional shares. G&K, in which Mr. Wasson and his wife hold collective indirect economic ownership interests of approximately 83%, purchased 10,000,000 shares and a warrant to purchase 5,000,000 shares.

The filing states the denominator used to calculate Mr. Wasson's 21.6% ownership figure is 86,838,492 shares, based on 67,588,492 historical shares outstanding as of August 19, 2026, plus 13,000,000 shares issued at the Initial Closing and 6,250,000 shares issuable upon exercise of immediately exercisable warrants he beneficially owns. G&K separately reports beneficial ownership of 15,000,000 shares, equal to 17.5% of the class; the filing notes that G&K's shares are included within Mr. Wasson's reported total and are not additional shares.

The Purchase Agreement, as described in the filing, contemplates the reconstitution of the ADM Tronics board of directors, including the appointment of Michael Burychka at the Initial Closing and the subsequent appointment of Klaus Kleinfeld as Independent Non-Executive Chairman. The filing also states that before a defined "Board Effective Time," specified corporate actions require Anchor Investor consent, including certain securities issuances, organizational-document amendments, related-party transactions, borrowings, distributions, asset transactions, and compensation arrangements. Wasson LLC and G&K are also parties to a Voting Agreement dated October 26, 2026, which the filing states requires support for specified directors and imposes certain transfer restrictions.

What Was Disclosed

Gregory D. Wasson and G&K Investment Holdings LLC filed a Schedule 13D reporting combined beneficial ownership of 18,750,000 ADM Tronics shares (21.6%), acquired via a private placement at $0.10 per share on October 27, 2026, with accompanying immediately exercisable warrants and prospective board appointment rights.