Recent Updates — GAHC

Global Arena Holding entered into an amended asset purchase agreement to sell its technology-enabled paper absentee, mail ballot, and online election services business in the U.S. to GES Acquisition Corp., a subsidiary of Easterly CV VI LLC. The transaction consideration includes $1.42 million in cash paid by Easterly on behalf of GES Acquisition, the issuance of 1,841,761 shares of GES Acquisition common stock to Global Arena, and the assumption of specified liabilities. Additionally, approximately $3.63 million in previously funded amounts owed to Easterly will be forgiven at closing. The deal is subject to standard closing conditions, including shareholder approval, with a termination deadline of December 2, 2026. Global Arena Holding operates in the election services and technology sector.