On October 6, 2026, MetroSpaces, Inc. entered into a definitive Control Stock Purchase Agreement with GBS Capital Partners, LLC, Oscar Brito, and Villa Magna, LLC. The transaction resulted in a change of control of the company, with Villa Magna, represented by Maria Salinas, acquiring control of the business.
Under the agreement, Villa Magna purchased 1,643,255 shares of Series B Preferred Stock from GBS and 4.5 shares of Series E Preferred Stock from Oscar Brito. No cash purchase price was paid for these shares. As part of the closing, the Company transferred Genesis Series C preferred stock to GBS, subject to specific conditions regarding documentary proof and corporate approval.
Immediately following the transaction, Oscar Brito resigned as Chief Executive Officer and a member of the Board of Directors. His resignation was voluntary and not the result of disagreements with the Company. In his place, the Board appointed Maria Salinas as Chair of the Board and Acting Secretary, Benoît Lebrun as Chief Executive Officer, Freddy Arciniegas Mejía as Chief Financial Officer, and René Herzog as Deputy Director of Operations.
The Board authorized the Company to pursue claims arising from alleged fraud related to investments in Indianapolis, Indiana. The filing states that any cash net proceeds from these Covered Claims will be used first to pay and redeem unpaid preferred yield owed to GBS and Brito, with any remaining funds payable to them as additional consideration.
Additionally, the Buyer agreed to fund and file a complete OTC Markets application within 90 days and a reverse stock split corporate-action package with FINRA within 120 days. The Buyer pledged the preferred shares acquired at closing to secure these covenants.
