Metrospaces, Inc. has announced a significant change in control following a recent stock purchase agreement. On October 6, 2026, the company entered into a Control Stock Purchase Agreement with GBS Capital Partners, LLC and Oscar Brito. This agreement allows for the transfer of substantial preferred stock, leading to a shift in the company's leadership and strategic direction.
This development is crucial for Metrospaces as it marks a new chapter in its operations within the real estate industry. The agreement involves the sale of 1,643,255 shares of Series B Preferred Stock and 4.5 shares of Series E Preferred Stock to Villa Magna, LLC, represented by Maria Salinas. Notably, no cash purchase price is exchanged for these shares, indicating a strategic maneuver rather than a traditional sale.
Metrospaces, Inc., incorporated in Delaware, operates in the real estate sector, as indicated by its SIC code 6500. The company has been active in various filings, with the most recent being this 8-K report detailing the change in control and leadership.
The filing reveals that the change in control does not affect existing obligations or convertible notes. The board has authorized the reconciliation of approximately $600,000 in claimed loans, emphasizing the ongoing financial responsibilities of the company.
As part of the agreement, the Buyer has committed to several post-closing actions, including applying for OTC Markets listing and filing for a reverse stock split with FINRA. These actions are contingent upon corporate approvals and do not guarantee immediate market effects.
In conjunction with this change, Oscar Brito has resigned as Chief Executive Officer and board member, paving the way for new leadership. Maria Salinas has been appointed as the new Chair of the Board and Acting Secretary, while Benoît Lebrun takes on the role of Chief Executive Officer. Freddy Arciniegas Mejía has been appointed as Chief Financial Officer, and Renée Herzog will serve as Deputy Director of Operations.
The new board is expected to navigate Metrospaces through this transitional phase, focusing on strategic growth and operational efficiency. The implications of this change may reverberate throughout the real estate sector, prompting competitors to reassess their strategies in light of Metrospaces' new direction.
Looking ahead, the company is expected to file additional documentation related to the changes and the performance covenants established in the Purchase Agreement. The full impact of this transition will unfold as the new leadership implements its vision for Metrospaces.