AJB Capital Discloses 9.99% Stake in Tribal Rides International

TL;DR

**AJB Capital just revealed a nearly 10% stake in Tribal Rides International.**

AI Summary

AJB Capital Investments LLC, a Delaware-based entity, reported on January 18, 2024, that it beneficially owns 1,000,000 shares of Tribal Rides International Corp. (TRIR) common stock, representing 9.99% of the company's outstanding shares. This significant stake was acquired as of May 23, 2023, and indicates a substantial investment by AJB Capital, making them a major shareholder. For existing or potential investors, this matters because a large institutional holding can signal confidence in the company's future, potentially influencing stock stability and future strategic decisions.

Why It Matters

A large stake by an investment firm like AJB Capital can be seen as a vote of confidence in Tribal Rides International, potentially attracting more investor interest and influencing the stock's perception.

Risk Assessment

Risk Level: low — This filing indicates a significant, but passive, investment by an institutional entity, which generally reduces risk by signaling external confidence.

Analyst Insight

A smart investor would note AJB Capital's significant stake as a potential positive signal, but also research Tribal Rides International's fundamentals and business operations to understand the rationale behind this investment before making any decisions.

Key Numbers

• 1,000,000 — shares beneficially owned (total shares of Tribal Rides International Corp. held by AJB Capital Investments LLC)
• 9.99% — percentage of class (percentage of Tribal Rides International Corp. common stock owned by AJB Capital Investments LLC)
• $0.0001 — par value per share (par value of Tribal Rides International Corp. common stock)

Key Players & Entities

• AJB Capital Investments LLC (company) — reporting person, beneficial owner of shares
• Tribal Rides International Corp. (company) — issuer of the securities
• United States (person) — place of organization for AJB Capital Investments LLC
• May 23, 2023 (date) — date of event requiring the filing
• January 18, 2024 (date) — filing date

Forward-Looking Statements

• AJB Capital Investments LLC will maintain its passive investment in Tribal Rides International Corp. for the foreseeable future. (AJB Capital Investments LLC) — high confidence, target: 2025-01-18
• Tribal Rides International Corp. stock price will experience increased stability due to the significant institutional holding. (Tribal Rides International Corp.) — medium confidence, target: 2024-07-18

FAQ

Key Financial Figures

• $0.0001 — ORP. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• sc_13g.htm (SC 13G) — 29KB
• 0001161697-24-000041.txt ( ) — 31KB

STATEMENT FILED PURSUANT TO RULE 13D-1(B)

ITEM 3. STATEMENT FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C) Not applicable.

OWNERSHIP

ITEM 4. OWNERSHIP. (A) AMOUNT BENEFICIALLY OWNED: 2,686,760 (B) PERCENT OF CLASS: 6.73% - Percentage calculation based on 39,935,500 shares of the Issuer’s common stock outstanding as of January 2, 2024 pursuant to OTC Markets. (C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 2,686,760 (II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 2,686,760 (IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: - 3 -

OWNERSHIP OF FIVE PERCENT OR LESS OF A

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]

OWNERSHIP OF MORE THAN FIVE PERCENT ON

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable.

IDENTIFICATION AND CLASSIFICATION OF THE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not applicable.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable.

NOTICE OF DISSOLUTION OF GROUP

ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable.

CERTIFICATION

ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. - 4 - Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 9, 2024 By: /s/ Ari Blaine Name: Ari Blaine - 5 -

View Full Filing

View this SC 13G filing on SEC EDGAR