{"url_path":"/sec/mntr/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1599117/0001493152-26-022905-index.html","accession_number":"0001493152-26-022905","cik":"0001599117","ticker":"MNTR","issuer_name":"Mentor Capital, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1599117/0001493152-26-022905-index.html","primary_entity_key":"0001599117","primary_entity_name":"Mentor Capital, Inc."},"word_count":251,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities\nand Use of Proceeds.\n\n \n\nOn December 14, 2023, our Chief Executive Officer,\nChet Billingsley, exercised 2,000,000 Series D warrants at $0.02 per share. Mr. Billingsley paid the Company $40,000 in cash. This increased\nMr. Billingsley’s share ownership by 2,000,000 common shares, increased the Company’s outstanding shares of common stock to\n21,686,105, and decreased the Company’s outstanding Series D warrants to 4,250,000. The sale of 2,000,000 shares of common stock\nthrough the exercise of Series D warrants was made in reliance on 11 U.S.C. § 1145 and Section 3(a)(7) of the Securities Act of 1933,\nas amended.\n\n \n\nOn January 12, 2026, our Chief Executive\nOfficer, Chet Billingsley, purchased 11 Series Q Convertible Preferred Shares of the Company from a third party in a private\ntransaction for a total purchase price of $204,488 or $18,590 per share. Subsequent to the year-end, effective April 3, 2026, such\n11 Series Q Convertible Preferred Shares were elected to be converted into 5,906,107 shares of the Company’s Common Stock at\nthe Series Q Conversion Value of $347,279 at a Common Stock conversion price of $0.0588 per Common Share. The original holder of the\n11 Series Q Convertible Preferred Shares of the Company purchased the preferred shares on May 30, 2018, for $10,000 per share,\npursuant to Rule 506(b) of Regulation D under Section 4(a)(2) of the Securities Act of 1933, as amended.\n\n \n\nOther than as stated above, there have been no other\nunregistered securities sold within the past three years."}