Stewards, Inc.

EFFECT effective

S-1/A amended

Range $3.00 to $5.00 · 20,621,250 shares

Stewards, Inc. reports significant growth in revenue and assets following its expansion into real estate, driven by the Block 40 acquisition. The company recorded $16.3M in revenue for 2025, up 27.3% year-over-year, with rental property income contributing $4.6M. However, net loss widened to $20.8M in 2025 compared to $8.7M in 2024, primarily due to increased operating expenses and interest costs. The company anticipates continued growth in both private credit and real estate segments, though faces risks related to market conditions, debt obligations, and regulatory changes.

S-1/A amended

Range $3.00 to $5.00 · 20,621,250 shares

Stewards, Inc. reported a significant increase in total assets to $178.4M as of December 31, 2025, driven by the Block 40 acquisition which expanded real estate holdings. Liabilities rose to $132.7M, primarily from a $73.6M mortgage loan and financing activities. The company operates in two segments: Financing Solutions (private credit) and Real Estate Operations (income-producing properties). Revenue declined in Financing Solutions but emerged from Real Estate Operations post-acquisition. Cash flow improved despite operational losses.

S-1/A amended

Range $3.00 to $5.00 · 20,621,250 shares

Stewards, Inc. reported significant growth in total assets to $178.4M as of December 31, 2025, driven by the Block 40 real estate acquisition. Total liabilities surged 207.5% to $132.7M, primarily from mortgage debt and warrant liabilities. The company operates through two segments: Financing Solutions (private credit) and Real Estate Operations (income-producing properties). While operating cash flows improved, the Real Estate segment reported a $8.6M loss due to high depreciation and operational costs.

S-1/A amended

Range $3.00 to $5.00 · 20,621,250 shares

Stewards, Inc. is registering 20,621,250 shares of common stock for resale by selling stockholders, including shares from private placements in 2024 and 2025 and warrants. The company has a multi-class voting structure, with Series B Preferred Stock granting 50 votes per share, resulting in 87% voting control by Forfront Capital, LLC. The company is deemed a controlled company under Nasdaq rules but does not meet listing standards. Its common stock trades on the OTCID Market with low liquidity, and there is no assurance of future listing. The offering will proceed regardless of Nasdaq approval.

S-1/A amended

Stewards, Inc. has filed an amended S-1/A registration statement for its upcoming IPO, building on the original S-1 filing. The updates likely reflect revised financial disclosures, corporate structure details, and potential adjustments to equity arrangements, as indicated by changes in preferred stock classifications and ownership entities.

S-1 filed

Stewards, Inc. has filed an S-1 registration statement for its initial public offering (IPO), following a previous DRS/A filing. The company, previously known as Favo Capital, Inc., is undergoing a name change and a reverse stock split, with details about its capital structure, preferred stock classes, and equity arrangements. The filing includes financial data points but lacks detailed narrative about business operations or offering specifics.

DRS/A amended

The current filing (DRS/A) amends the draft registration statement for Favo Capital, Inc., detailing a dual offering of common stock through a public underwritten offering and a resale prospectus. Key elements include a proposed name change, a reverse stock split, and the inclusion of alternate pages for the resale prospectus. The filing also outlines the underwriter, D. Boral Capital, and highlights risks related to the Nasdaq listing, market volatility, and the reverse stock split.

DRS filed

Favo Capital, Inc. has submitted a confidential Form S-1 registration statement for a public offering of up to [*] shares of common stock, with an underwriter option to purchase additional shares. The company plans a reverse stock split and seeks Nasdaq listing, though approval is not guaranteed. The filing includes a resale prospectus for existing shareholders and highlights significant risks, including market volatility and uncertainty around the reverse split and listing.