Chauncey Lennis Thompson Increases Stake in CalEthos, Inc. to 58.8% Following $16M Financing Agreement

Chauncey Lennis Thompson, Chief Operating Officer of Barton CPA and manager of SFO IDF LLC, filed a Schedule 13D/A reporting a significant increase in beneficial ownership of CalEthos, Inc. (GEDC). As of April 23, 2026, Thompson beneficially owns 23,783,263 shares, representing 58.81% of the company. This increase stems from a new $16,000,000 promissory note and a warrant to purchase 6,000,000 shares of common stock issued to SFO IDF LLC. These instruments were part of a restructuring and a new $15,000,000 loan intended to fund a joint venture with GW Finance, LLC for the development of the Raft River Data Center Campus. The agreement also includes provisions for SFO IDF to receive a percentage of net proceeds from building site sales and campus services. Thompson's ownership includes 13,958,877 shares issuable via warrants and 750,000 shares via options. The filing also notes the extension of several prior promissory notes' maturity dates to April 30, 2028.