Outdoor Specialty Products, Inc. filed a current report on October 29, 2026, disclosing that on October 23, 2026, it entered into a Stock Purchase Agreement with Quantum Qualified Opportunity Fund, LLC that would transfer controlling ownership of the company to Quantum at a scheduled closing of October 30, 2026.

Key Highlights

  • Purchase Price: Quantum agreed to acquire 24,402,042 newly issued shares of common stock for a cash purchase price of $1,500,000.
  • Post-Closing Ownership: According to the filing, Quantum will own approximately 95% of the then issued and outstanding shares of common stock, without giving effect to the Series A Preferred Stock.
  • Share Count at Closing: The registrant is anticipated to have 5,284,318 shares of common stock outstanding immediately prior to closing.
  • Preferred Stock Exchange: Principal stockholders will exchange 4,000,000 shares of common stock for 100 shares of newly authorized Series A Preferred Stock, with the 4,000,000 common shares cancelled.
  • Debt Payoff: At closing, the registrant will pay revolving promissory notes held by Kirk Blosch and Ed Bailey with an aggregate outstanding principal balance of $226,792 and accrued and unpaid interest of $21,216, as of June 30, 2026.
  • Leadership Changes: Dennis M. Danzik is to be appointed President, Executive Chairman, and director; Craig Kitchen as Secretary, Treasurer, and director; and Anthony Ker and Oliver Benloulou as directors, with Kirk Blosch resigning from officer positions at closing.
  • Consulting Agreement: Kirk Blosch will enter into a six-month consulting agreement to manage the registrant's fishing products business and assist with transition matters.

Quantum Qualified Opportunity Fund to Take Control of Outdoor Specialty Products

According to the filing, Outdoor Specialty Products, Inc., a Nevada corporation, entered into a Stock Purchase Agreement dated October 22, 2026, with Quantum Qualified Opportunity Fund, LLC, a Wyoming limited liability company. The agreement provides for the sale of 24,402,042 shares of newly issued common stock to Quantum for $1,500,000 in cash, with closing scheduled for October 30, 2026. The filing describes Quantum as "an acquisition and operating company that holds the exclusive worldwide licenses for Direct Energy Systems, and all related technologies licensed, sold, and serviced under the trade name Quantum Energy Corporation."

The filing explains that in connection with the transaction, the registrant's principal stockholders will exchange 4,000,000 shares of common stock for 100 shares of newly authorized Series A Preferred Stock. Those 4,000,000 common shares will be cancelled and returned to authorized and unissued status. The Series A Preferred Stock carries a two-year protection mechanism: from November 1, 2026 through October 31, 2028, whenever the registrant issues additional common shares, holders of the 100 Series A shares are entitled to receive newly issued common shares calculated by dividing the number of shares in the issuance by 19. The filing specifies that the Series A Preferred Stock "shall be non-voting, shall have no conversion rights, rights to dividends or to a preference on liquidation."

The filing notes that the shares to be issued to Quantum and the preferred shares to be issued to principal stockholders "constitute restricted securities that have not been registered under the Securities Act of 1933, as amended." The agreement also contains "leak out" restrictions and grants piggy-back registration rights to relevant stockholders. The filing cautions that "closing of the transaction is subject to customary closing conditions and there can be no assurance that such conditions will be satisfied or waived or that the stock purchase will be completed." The registrant also notes the report contains forward-looking statements subject to its cautionary language under the Private Securities Litigation Reform Act of 1995.

What Was Disclosed

Outdoor Specialty Products, Inc. disclosed entry into a Stock Purchase Agreement with Quantum Qualified Opportunity Fund, LLC providing for a $1,500,000 equity sale, a change of control, cancellation of 4,000,000 principal-stockholder shares, repayment of outstanding promissory notes, and a complete change of officer and director leadership at closing.