Pani Corp. and Petros Panagiotis Panagiotidis filed Amendment No. 1 to their Schedule 13D with the SEC on October 27, 2026, disclosing open-market purchases of 130,000 common shares of AI OKTO Corp. on October 23, 2026.

Key Highlights

  • Open-market purchase: Pani Corp. bought 130,000 common shares of AI OKTO Corp. through a series of transactions on October 23, 2026.
  • Total purchase price: The 130,000 shares were acquired for a total of $1,059,604.00, excluding broker commissions, according to the filing.
  • Aggregate beneficial ownership: Following the purchase, the reporting persons jointly hold 3,336,185 shares, representing approximately 77.2% of outstanding shares.
  • Share composition: The 3,336,185 shares consist of 3,206,185 shares distributed to Pani Corp. in connection with a Spin-Off Transaction completed October 8, 2026, plus the 130,000 shares purchased on October 23, 2026.
  • Series B Preferred Shares: Pelagos Holdings Corp., an entity controlled by Mr. Panagiotidis, also owns 40,000 Series B Preferred Shares, each carrying the voting power of 100,000 common shares.
  • Source of funds: The filing states the consideration was cash provided by entities controlled by Mr. Panagiotidis, sourced from his personal funds.

Pani Corp. Increases AI OKTO Position with October 23 Open-Market Buys

According to the filing, Pani Corp., a Liberian company, purchased 130,000 common shares of AI OKTO Corp. (NASDAQ:AIOK) through a series of open-market transactions on October 23, 2026, for a total purchase price of $1,059,604.00, excluding broker commissions. The source of funds was described as cash provided by entities controlled by Petros Panagiotis Panagiotidis, derived from his personal funds. This Amendment No. 1 updates the Original Schedule 13D filed on October 16, 2026.

The filing discloses that, following these purchases, the reporting persons, Pani Corp. and Mr. Panagiotidis, together beneficially own 3,336,185 common shares of AI OKTO Corp. That total comprises 3,206,185 shares distributed to Pani Corp. through a Spin-Off Transaction that the filing states was completed on October 8, 2026, and the 130,000 shares acquired on October 23, 2026. The filing reports that this aggregate represents approximately 77.2% of the outstanding shares, calculated based on a total of 4,319,916 shares outstanding as disclosed in the issuer's Form 20-F filed with the SEC on September 9, 2026.

Mr. Panagiotidis is identified in the filing as the sole shareholder of Pani Corp. and, per the filing, "disclaims beneficial ownership of the 3,336,185 Shares held by Pani Corp., except to the extent of his pecuniary, voting and dispositive interests in such Shares." The filing also notes that Pelagos Holdings Corp., another entity controlled by Mr. Panagiotidis, holds 40,000 Series B Preferred Shares of AI OKTO Corp., with each such preferred share carrying the voting power of 100,000 common shares. The filing states that, to the best knowledge of the reporting persons, the Sole Director does not own any shares.

What Was Disclosed

Amendment No. 1 to the Schedule 13D reports that Pani Corp. purchased 130,000 AI OKTO common shares on October 23, 2026, for $1,059,604.00 excluding commissions, bringing the reporting persons' combined beneficial ownership to 3,336,185 shares, or approximately 77.2% of the class.