SCHEDULE: Gold Ray Ventures Discloses 9.99% Stake in Hitek Global
Beneficial Ownership Disclosure
Gold Ray Ventures Limited reported a 9.99% passive beneficial ownership stake in Hitek Global Inc., including shares and exercisable warrants, as detailed in its amended Schedule 13G filing.
Summary
- Gold Ray Ventures Limited reported beneficial ownership of 2,120,681 Class A Ordinary Shares of Hitek Global Inc.
- This represents 9.99% of Hitek Global Inc.'s Class A Ordinary Shares outstanding.
- The ownership includes 2,000,000 shares purchased in a private placement on July 29, 2024.
- It also includes 120,681 Class A ordinary shares underlying warrants exercisable within 60 days from the filing date.
- An additional 1,879,319 Class A ordinary shares underlying warrants are not currently exercisable due to a 9.99% Beneficial Ownership Limitation (Blocker).
- The percentage is based on 21,107,364 Class A ordinary shares outstanding, as reported in Hitek Global's Form 20-F filed on April 25, 2025.
- Gold Ray Ventures Limited states it has no purpose or effect of changing or influencing the control of Hitek Global Inc.
Sentiment
Score: 6
Explanation: The disclosure of a new significant passive investor, Gold Ray Ventures Limited, holding a 9.99% stake, can be viewed as a positive signal of investor confidence. However, the beneficial ownership blocker limits further immediate accumulation by this investor.
Positives
- A significant investor, Gold Ray Ventures Limited, has taken a 9.99% passive stake in Hitek Global Inc., potentially signaling confidence in the company.
- The initial investment involved a private placement of 2,000,000 shares and warrants, indicating direct capital infusion into the company.
Negatives
- The Beneficial Ownership Blocker limits Gold Ray Ventures Limited from exercising warrants that would result in ownership exceeding 9.99%, preventing further immediate accumulation of shares by this investor.
Risks
- NA
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a passive ownership stake and does not provide information to analyze broader industry trends or competitive positioning for Hitek Global Inc.
Related Party Transactions
- On July 29, 2024, Gold Ray Ventures Limited purchased 2,000,000 Class A ordinary shares and warrants from Hitek Global Inc. in a private placement.
- On September 23, 2025, Gold Ray Ventures Limited and Hitek Global Inc. amended the terms of the warrants to include a 9.99% Beneficial Ownership Blocker.
Stakeholder Impact
- Shareholders: May view the entry of a significant passive investor as a positive indicator of confidence in the company.
- Company: Benefits from the capital raised through the private placement.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Gold Ray Ventures Limited purchased 2,000,000 Class A ordinary shares and warrants to purchase 2,000,000 additional shares in a private placement. |
| 04/25/2025 | Hitek Global Inc. filed its latest annual report on Form 20-F, reporting 21,107,364 Class A ordinary shares outstanding. |
| 09/23/2025 | Gold Ray Ventures Limited and Hitek Global Inc. amended the warrants to include a 9.99% Beneficial Ownership Blocker. |
| 10/29/2025 | Date of signature for the Schedule 13G filing. |
Keywords
Hitek Global Inc., Gold Ray Ventures Limited, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Warrants, Private Placement, Passive Investment, SEC Filing, G45139105
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