LZG INTERNATIONAL, INC.
LZG International filed an 8-K attaching a court-mandated Shareholder Update under the Carey v. Moe settlement. The company states it has no operations or revenue, with known liabilities estimated at approximately $12,881,640 as of May 25, 2026, excluding contingent liabilities including a disputed Genius Group arbitration claim. The Board determined no practical alternative but to wind down and recommends an assignment for the benefit of creditors under Chapter 727, Florida Statutes.
- LZG has no operations and no revenue.
- Known liabilities estimated at approximately $12,881,640 as of May 25, 2026, excluding contingent claims.
- Board recommends assignment of all assets for creditors under Chapter 727, Florida Statutes.
- LZG will consent to revocation of its common stock registration under SEC proceeding File No. 3-22695.
- LZG has not filed a periodic report since its Form 10-Q for the period ended February 28, 2023.
Price data unavailable.
A court-supervised wind-down and consent to SEC registration revocation effectively ends LZG as a going concern, leaving common shareholders with no trading market and likely no recovery.
_Not applicable._
After registration revocation, brokers and dealers will not be permitted to effect transactions in LZG common stock, leaving shareholders with no liquid market. Contingent liabilities, including a disputed Genius Group arbitration award, are not included in the $12.88M estimate.