Global Arena Holding signed a new 2026 asset purchase agreement to sell its U.S. election services business to GES Acquisition, following the mutual termination of the 2025 Easterly APA. The deal provides $2.4 million in cash to Global Election Services, 2,571,428 shares of GES Acquisition common stock, and the assumption of certain liabilities. Easterly will purchase 6,000,000 shares of GES Acquisition Series A preferred for $5.625 million, including $1.92 million via forgiveness of prior advances and $1.305 million via a promissory note, with $2.4 million funding the cash portion to sellers. Closing is subject to shareholder and regulatory approvals.
New agreement details:
- Agreement type: Asset purchase agreement for sale of election services business
- Counterparty: GES Acquisition and Easterly
- Signed / Effective: Feb 26 2026 / same
- Duration / Termination: At will
- Reason: Divest election services business and monetize assets
Terminated agreement details:
- Agreement terminated: Asset purchase agreement (2025 Easterly APA)
- Counterparty: GES Acquisition; Global Election Services; Global Election Services Holding; Easterly
- Original agreement date: Jul 01 2025
- Termination date: Feb 25 2026
- Termination type: mutual
- Exit fees / payments: None
- Reason: Replaced by 2026 asset purchase agreement
Original SEC Filing:
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