SCHEDULE 13G/A: Greentree Financial Group Discloses 9.99% Passive Stake in NAPC Defense, Inc.

Greentree Financial Group, Inc. has reported a 9.99% beneficial ownership stake in NAPC Defense, Inc., primarily through convertible promissory notes, as detailed in its latest Schedule 13G filing.

Summary

• Greentree Financial Group, Inc. (the "Reporting Person") filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in NAPC Defense, Inc. (the "Issuer").
• The Reporting Person beneficially owns 23,551,618 shares of NAPC Defense, Inc. Common Stock.
• This ownership represents 9.99% of the Issuer's total outstanding Common Stock.
• The beneficial ownership is primarily derived from 23,551,618 shares of Common Stock issuable upon the conversion of two promissory notes, which were issued on June 16, 2024, and October 17, 2024, respectively.
• As of March 26, 2025, NAPC Defense, Inc. had 235,751,936 shares of Common Stock outstanding.
• Greentree Financial Group, Inc. holds sole voting power and sole dispositive power over these 23,551,618 shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing disclosing a passive beneficial ownership stake. It provides objective information without expressing positive or negative sentiment about the issuer's operational or financial performance.

Positives

• The disclosure of a significant 9.99% stake by Greentree Financial Group, Inc. could be interpreted as a vote of confidence in NAPC Defense, Inc. by a substantial investor.
• The filing indicates a passive investment intent, which typically suggests stability and no immediate plans for activist intervention in the company's management.

Future Outlook

The Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from NAPC Defense, Inc. or Greentree Financial Group, Inc. regarding future performance or strategic outlook.

Management Comments

• "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." Robert C. Cottone, Vice President of Greentree Financial Group, Inc.

Industry Context

This filing is a routine regulatory disclosure of an investment stake and does not provide specific insights into broader industry trends or competitive dynamics within the defense sector. It primarily reflects an investor's position in a single company.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant passive investor's stake, which can inform other investors about the company's ownership structure.
• Creditors: Greentree Financial Group's holding of convertible promissory notes indicates a debt instrument that could potentially convert into equity, impacting the capital structure.

Key Dates

Keywords

NAPC Defense, Greentree Financial Group, Schedule 13G, beneficial ownership, common stock, convertible notes, SEC filing, passive investment