Paul L. Strickland, Selkirk Global Holdings, LLC, and Beartooth Asset Holdings, LLC filed a Schedule 13D with the SEC disclosing their beneficial ownership position in SDR Drone, Inc. following a change of control transaction that closed on June 9, 2026.

Key Highlights

  • Triggering event: The filing was triggered by the June 9, 2026 close of a change of control to EQUORIX LLC and the acquisition of the Sundori drone intellectual property by the issuer.
  • Current position: Selkirk Global Holdings, LLC holds 1,806,965 shares of common stock, representing 2.72% of 66,377,720 shares outstanding as of June 30, 2026.
  • Beartooth holds nothing: According to the filing, Beartooth Asset Holdings, LLC holds no securities of the issuer following February 24, 2026, and reports 0% beneficial ownership.
  • No cash paid for shares: The filing states that the 1,806,965 shares now held by Selkirk were issued on conversion of promissory notes under which Selkirk and Mr. Strickland had advanced funds to the issuer.
  • Control position disposed: The filing states that the reporting persons disposed of their control position in the June 9, 2026 transaction; Mr. Strickland remains Secretary and a director of the issuer.
  • No further plans: According to the filing, the reporting persons hold remaining shares for investment and have "no present plans or proposals" relating to the actions listed in Item 4 paragraphs (a) through (j), other than in Mr. Strickland's capacity as an officer and director.

SDR Drone Ownership Structure After Restructuring and Control Sale

The Schedule 13D covers three reporting persons: Paul L. Strickland, an individual and United States citizen; Selkirk Global Holdings, LLC, a Washington limited liability company of which Mr. Strickland is the sole member; and Beartooth Asset Holdings, LLC, a Wyoming limited liability company of which Mr. Strickland is the Manager. The filing identifies the issuer as SDR Drone, Inc., a Florida corporation formerly named Hallmark Venture Group, Inc., with principal executive offices at 801 US Highway 1, North Palm Beach, FL 33408. No exchange or ticker symbol appears on the face of this Schedule 13D filing.

According to the filing, the reporting persons originally acquired and held securities in order to control and restructure the issuer, which was described as a shell company. That restructuring included a 1-for-500 reverse stock split effective April 24, 2025, a reorganization with Jubilee Intel, LLC dated September 26, 2024 and its subsequent unwinding on May 12, 2025, and ultimately the change of control to EQUORIX LLC and the Sundori drone intellectual property acquisition that closed June 9, 2026. The filing states that no cash was paid for any of the securities reported across all these steps, with the current 1,806,965 Selkirk shares issued upon conversion of promissory notes reflecting advances made to the issuer.

The filing reports that Mr. Strickland has served as Secretary of the issuer since August 2020 and as a director since July 12, 2022, except for a gap from January 11 to February 28, 2024. His principal occupation is described as "corporate restructuring and governance for small public companies" through Selkirk. The filing discloses that none of the reporting persons has been convicted in a criminal proceeding or been subject to any securities-law judgment within the past five years.

What Was Disclosed

The three reporting persons disclosed their aggregate beneficial ownership of 1,806,965 shares of SDR Drone common stock, representing 2.72% of shares outstanding, following the June 9, 2026 change of control that transferred the issuer's controlling position to EQUORIX LLC.