Kenilworth Systems Corp.

03/24/2026 | Press release | Distributed by Public on 03/24/2026 15:14

Material Event (Form 8-K)

Item 8.01 Other Events.

Global Asset Management Group, Inc. (OTC: GAMG) Establishes Strategic Financing Relationship

On March 18, 2026, the Company completed a series of Agreements to establish a strategic financing relationship with Leonite Fund I, LP ("Leonite"), designed to support the Company's continued expansion through asset-backed real estate investments and disciplined capital deployment.

The financing relationship provides the Company with structured capital aligned with the Company's long-term growth strategy, while preserving flexibility as the Company scales its asset base and operating platform.

Overview of the Leonite-GAMG Relationship

Under the terms of the Agreements, Leonite intends to provide GAMG with initial access to a senior secured convertible note facility of $10 million, to be funded in tranches for real estate acquisitions. Proceeds will be used as equity for acquiring income-producing multifamily real estate and general working capital, with subsequent tranches earmarked for additional property acquisitions.

The credit facility is structured with:

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Senior secured positioning tied to specific assets

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Defined maturity and interest terms

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Conversion features aligned with long-term equity participation

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Prepayment flexibility for the Company

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Restrictions designed to protect capital structure integrity

Management of the Company believes this structure reflects a capital partner aligned with asset-level discipline rather than short-term market dynamics, and strengthens the Company across several dimensions:

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Access to Institutional Capital

The facility provides GAMG with capital from an experienced investment fund accustomed to structured, asset-backed transactions.

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Alignment With Asset-Backed Growth

Proceeds are intended to be deployed directly into income-producing real estate, reinforcing balance-sheet quality rather than speculative use of funds.

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Capital Structure Discipline

The senior secured nature of the financing, combined with staged funding, supports measured growth while maintaining oversight and accountability.

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Flexibility for Shareholders

The Company retains discretion over draw timing, use of proceeds, and prepayment, allowing management to optimize capital deployment as opportunities arise. Management believes these efforts collectively position GAMG as a more institutionally credible platform, capable of responsibly deploying capital at scale.

The Leonite financing complements several recent initiatives undertaken by the Company, including:

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Expansion of the Company's Washington, D.C. real estate portfolio

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Integration of in-house asset management capabilities

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Strengthening of governance and advisory infrastructure

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Enhancements to the Company's capital markets foundation

The foregoing descriptions of the Agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the Agreements set forth in the Exhibits hereto.

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