Recent Updates — STWI
TEG SPV LLC, a wholly owned subsidiary of TEG Overseas, Inc., entered into a non-binding preliminary agreement to acquire the Alfraganus hotel complex from affiliate Dreams Island LLC. The transaction involves paying UZS 12 billion (approx. $1 million) and assuming $100 million in construction debt owed to Halyk Bank. The complex comprises six internationally branded hotels totaling 1,210 rooms and a conference hall in Tashkent, Uzbekistan. Completion is contingent on bank consents, regulatory approvals, and finalizing definitive agreements by June 30, 2027. TEG Overseas, Inc. operates an integrated hospitality, tourism, and events business in Uzbekistan.
TEG Overseas, Inc. has completed the registration of its acquisition of TEG SPV Participatory Interests in Uzbekistan, officially taking ownership as the company name is updated in the state registry. The transaction triggered a complete change in leadership: Temur Zokirov, Bahtiyor Kadirov, and Elina Davidyan resigned from the Board, while Anita Mendiratta (Chair), Wesley T. Davis, Marc William Kasher, Richard Nolan Sharko, and Irodakhon Abduvakhitova were appointed as independent directors. Elmurod Sopiev remains CEO and President, and Temur Zokirov serves as CFO and Treasurer. The Board established Audit, Compensation, and Nominating committees. Additionally, the fiscal year end was changed from September 30 to December 31. TEG Overseas operates in the hospitality industry.
StageWise Strategies Corp. completed a share exchange transaction on October 13, 2026, acquiring approximately 99.99999% of TEG SPV LLC in exchange for issuing 183,098,434 shares of common stock to the sellers. The acquisition makes TEG SPV a wholly-owned subsidiary and shifts the company's principal business to hospitality and exhibitions. The acquired assets include the Hilton Tashkent hotel (258 rooms), Wyndham Bukhara hotel (212 rooms), and the Central Asian Expo exhibition center in Uzbekistan. Following the transaction, the registrant changed its name to TEG Overseas, Inc., and controlling ownership transferred to related parties holding approximately 97.3% of the outstanding shares. The company operates in the hospitality and exhibitions industry.
StageWise Strategies Corp. entered into a Share Exchange Agreement to acquire approximately 99.99999012% of the participatory interests in TEG SPV, an Uzbekistan-based entity, from Tourism and Entertainment Group LLC and Irodakhon Abduvakhitova. The transaction involves issuing 183,098,434 shares of common stock to the sellers, which will represent approximately 97.3% of the company's outstanding shares post-transaction. Closing is subject to customary conditions, including a concurrent financing raising at least $18 million and regulatory approvals in Uzbekistan. The deal is expected to close by December 31, 2026, with TEG SPV becoming the principal business of StageWise Strategies Corp., which operates as an investment holding company.
On June 30, 2026, StageWise Strategies Corp. entered into a Share Subscription Agreement with controlling shareholder Jakhongir Abidovich Artikkhodjaev to issue and sell 1,000,000 shares of common stock for a total purchase price of $250,000. The company received an initial payment of $44,500 on June 30, 2026, and expects to receive the remaining $205,500 by July 31, 2026. StageWise Strategies Corp. is a Nevada corporation operating in the strategic management and business development sector.