13 Feb 2024substantial holder notice● Neutral
Cavalry Fund I LP, Cavalry Fund I Management LLC, Thomas Walsh reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 21,642,595 shares (9.90% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Feb 2024substantial holder notice● Neutral
L reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 1,273,461 shares (1.00% of votes) in a periodic institutional filing.
13 Dec 2023listing compliance notice▼ BadMajor
AMERICAN INTERNATIONAL HOLDINGS CORP. deregistered its securities, ending its obligation to file reports with the SEC.
21 July 2023material agreement● NeutralMajor
On July 13, 2023 the company signed an equity line under which Pacific Lion LLC is committed to buy up to $20,000,000 of its common stock through September 30, 2024, at a 15% discount to the lowest closing price in the prior 10 trading days. This replaces a terminated agreement with GHS Investments. It can only be used after a resale registration statement (not yet filed) takes effect. Pacific Lion also agreed to lend up to $400,000 on a 6% convertible note due May 10, 2024 (first $100,000 funded), with a 500,000-share warrant at $0.10 that is cancelled if no uplisting occurs within nine months. Shareholders face dilution if it is used.
16 May 2023late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its quarterly report would be filed late.
19 Apr 2023director interest notice● Neutral
Gary Giles became a AMERICAN INTERNATIONAL HOLDINGS CORP. director and company insider (initial ownership filing).
13 Apr 2023director interest notice● Neutral
Michael David Mclaren became a AMERICAN INTERNATIONAL HOLDINGS CORP. Chief Executive Officer and company insider (initial ownership filing).
13 Apr 2023substantial holder notice● Neutral
Michael McLaren, Marble Trital Inc disclosed a new substantial AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding (60.00% of votes).
3 Apr 2023quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $50 thousand and a net loss of $427 thousand for the period ended 2023-03-31.
3 Apr 2023auditor change● Neutral
On March 31, 2023 the company dismissed its auditor M&K CPAs, PLLC and appointed Turner, Stone & Company, L.L.P. The filing states there were no disagreements and M&K's earlier reports (2021 and 2020) were not adverse, but did carry a going-concern doubt paragraph. M&K had not reported on 2022. Turner Stone was also engaged to audit the newly acquired Cycle Energy.
31 Mar 2023late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its annual report would be filed late.
27 Mar 2023business combination● NeutralMajor
On February 15, 2023 the company bought Cycle Energy Corp., a Texas energy company, from Marble Trital Inc. (owned by new CEO Michael McLaren) in exchange for 1,000,000 new Series A preferred shares, convertible into 60% of the common stock. Cycle Energy is described as producing about 25 barrels of oil a day from 16 leases on roughly 2,000 acres, with well-service and gas-to-liquid technology arms. As a required condition, outgoing CEO Jacob Cohen swapped his 1,000,000 Series A shares (which were cancelled and reissued to the Cycle seller) for the company's 51% of Epiq Scripts, the Epiq MD royalty payments, ZipDoctor sale proceeds and about $850,000 of Epiq Scripts debt. This ends the pharmacy focus described in earlier filings and shifts control of the preferred stock from Cohen to McLaren's company; the Epiq MD royalty is passed on to Cohen. The text is cut off, so later terms are not seen.
13 Feb 2023substantial holder notice● Neutral
Cavalry Fund I LP, Cavalry Fund I Management LLC, Thomas Walsh reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 1,400,653 shares (9.90% of votes) in a periodic institutional filing.
9 Feb 2023substantial holder notice● Neutral
L reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 1,273,461 shares (9.90% of votes) in a periodic institutional filing.
16 Nov 2022quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $48 and a net loss of $3.2 million for the period ended 2022-09-30.
15 Nov 2022late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its quarterly report would be filed late.
14 Oct 2022capital raising announcement▼ BadMajor
On October 3, 2022 the company sold 1800 Diagonal Lending LLC another convertible note, $59,400 principal for $55,000, at 6% interest (22% on default), maturing October 3, 2023. After 180 days it converts at 75% of the lowest recent trading price (a floor near $0.0237 that can reset lower), and the company says shareholders could be significantly diluted if it is not repaid in cash. The filing estimates up to 3,960,000 shares at about $0.015 each, and the company hopes to repay it before conversion. This follows the June 2022 1800 Diagonal note and adds to the series of small convertible financings.
23 Sept 2022capital raising announcement▼ Bad
On September 13, 2022 the company sold Mast Hill Fund, L.P. a second, near-identical $62,250 convertible note with warrants for 3,000,000 shares, repeating the August 29 deal. Gross proceeds were $56,025; after a $3,362 commission to J. H. Darbie & Co. and $2,500 of Mast Hill's legal fees, net proceeds were $50,162. Terms match the first note: 12% interest, one-year maturity, conversion at $0.04 per share with a price reset for cheaper later issues.
8 Sept 2022capital raising announcement▼ BadMajor
On August 29, 2022 the company sold Mast Hill Fund, L.P. a $62,250 convertible note (closed August 31, gross proceeds $56,025) with warrants for 3,000,000 shares. The note carries 12% interest (16% on default), matures in one year, and converts at $0.04 per share with the price falling to match any cheaper later share issue; a default raises the amount owed by 125%. The text provided is cut off, but it also says Epiq Scripts, LLC (described as 51% owned by the company) signed a services agreement with Mangoceuticals, which is majority owned and controlled by CEO Jacob Cohen and was sold by the company in June 2022. This is another small, dilutive convertible financing, following the June 2022 1800 Diagonal note, and the Mangoceuticals contract is a further related-party dealing with the CEO.
19 Aug 2022quarterly activities report● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $3 thousand and net income of $1.3 million for the period ended 2022-06-30.
16 Aug 2022listing compliance notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. withdrew a registration statement, abandoning the offering it covered.
15 Aug 2022late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its quarterly report would be filed late.
13 July 2022asset acquisition disposition● NeutralMajor
The company sold all of its Epiq MD, Inc. telemedicine subsidiary (set up in October 2020) to Alejandro Rodriguez and Pan-American Communications Services, S.A. for $300,000: $150,000 in cash plus a $150,000 secured note due September 30, 2022 (no interest unless in default, then 18%). It also gets a 2.50% royalty on Epiq MD's telehealth gross revenue from January 1, 2023 until it has received $900,000, Epiq MD buys the royalty out, or December 31, 2026, whichever is first. Epiq MD's CEO and COO (Rodriguez and Bowen) ended their employment agreements with no severance, and 83,334 shares that had been subject to forfeiture became fully vested. The stated reason is to focus on the pharmacy business through Epiq Scripts, LLC, which continues the June 2022 Mangoceuticals sale.
23 June 2022asset acquisition disposition● NeutralMajor
On June 16, 2022 the company sold its 80% stake in Mangoceuticals, Inc., a men's wellness telemedicine business it created in October 2021, to CEO Jacob Cohen's company Cohen Enterprises for $90,000, roughly the $89,200 it had advanced. The stated reason is to focus on its pharmacy business through Epiq Scripts, LLC. The sale was a related-party deal approved by the board with Cohen abstaining. The company also sold a $88,775 6% convertible note to 1800 Diagonal Lending (maturing June 17, 2023, convertible at 75% of the lowest recent trading price after 180 days), and moved its headquarters to Dallas on a six-month lease at $1,221 a month.
20 May 2022quarterly activities report▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. reported quarterly revenue of $10 thousand and a net loss of $1.4 million for the period ended 2022-03-31.
13 May 2022late filing notice▼ Bad
AMERICAN INTERNATIONAL HOLDINGS CORP. notified the SEC that its quarterly report would be filed late.
12 May 2022capital raising announcement▼ BadMajor
A 1-for-60 reverse stock split took effect May 12, 2022, cutting about 97.3 million shares to roughly 1.6 million, with the stated aim of meeting Nasdaq's $4.00 minimum price for a planned uplisting (not guaranteed to be approved). Separately, CEO Jacob Cohen's 1,000,000 Series A preferred shares were restructured on May 6, 2022 so they can convert into 60% of the common stock, about 145.9 million shares before the split or about 2.43 million after it, approved by the board as extra compensation for his services. The filing says ordinary shareholders keep the same percentage ownership from the split itself, but the Series A change gives Cohen a large convertible stake. Authorized common shares stay at 195,000,000.
10 May 2022securities registration● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. filed the final prospectus for a registered offering.
21 Apr 2022securities registration● Neutral
AMERICAN INTERNATIONAL HOLDINGS CORP. registered a securities offering with the SEC.
14 Feb 2022substantial holder notice● Neutral
L reported a AMERICAN INTERNATIONAL HOLDINGS CORP. shareholding of 8,081,267 shares (9.90% of votes) in a periodic institutional filing.