Clearday Bundle
Who Really Controls Clearday?
Understanding the Clearday SWOT Analysis is crucial, but even more vital is knowing who steers the ship. The ownership structure of any company dictates its destiny, influencing everything from strategic decisions to shareholder value. This analysis unravels the complex web of Clearday's ownership, revealing the key players and their impact.
From its roots as Superconductor Technologies Inc. to its current focus on memory care, Clearday's journey has been marked by significant ownership shifts. This exploration of the Clearday ownership will provide insights into the company's major Clearday investors, Clearday executives, and the evolution of its Clearday company structure, offering a comprehensive view of who holds the reins and how it affects the Clearday stock.
Who Founded Clearday?
Understanding the current Clearday ownership structure requires looking back at its origins and significant events. The company, originally incorporated in Delaware on May 11, 1987, has evolved considerably since its inception. The most impactful change came with the merger with Allied Integral United, Inc. (AIU) in September 2021, which reshaped the company's ownership and strategic direction.
The early ownership details from 1987 are not readily available in recent public filings. However, the merger with AIU was a pivotal moment, consolidating the company's structure. This merger brought about significant changes in the Clearday company ownership, integrating AIU's assets and shareholders into the existing framework.
James Walesa has been a central figure in the company's leadership. He has served as Chairman of the Board of Directors and Chief Executive Officer of Clearday since the merger with AIU. His extensive experience in financial services, spanning over three decades, has been crucial in guiding the company.
Early Incorporation
Incorporated in Delaware on May 11, 1987.
Merger Impact
The merger with AIU in September 2021 significantly changed the Clearday ownership structure.
Key Leadership
James Walesa is the Chairman of the Board and CEO since the merger.
AIU's Role
Walesa was also the Chairman and CEO of AIU before the merger.
IPO Details
An initial public offering occurred in March 1993, with 1.5 million shares offered at $10.00 each.
Post-Merger Shareholding
Following the 2021 merger, all stockholders of Superconductor Technologies Inc. and AIU became Clearday stockholders.
Ownership Timeline and Key Events
The evolution of Clearday company ownership is marked by key events that have shaped its current structure. Understanding these events provides insights into the company's financial journey and its stakeholders. For more information, you can explore the Competitors Landscape of Clearday.
- Incorporation in 1987 set the foundation.
- The IPO in March 1993 provided initial capital.
- The 2021 merger with AIU was a major turning point.
- James Walesa's leadership has been crucial throughout these changes.
Clearday SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has Clearday’s Ownership Changed Over Time?
The ownership of Clearday, Inc. has evolved significantly, shaped by mergers and strategic shifts. Originally known as Superconductor Technologies Inc., the company merged with Allied Integral United, Inc. (AIU) on September 9, 2021, and subsequently adopted the name Clearday, Inc. This merger was a crucial step, redirecting the company's focus toward non-acute longevity care services. This transition marked a fundamental change in the company's direction and, by extension, its ownership structure.
As a publicly traded entity, Clearday's shares trade on the OTC Markets under the symbols OTCQB and OTCQX. The company's market capitalization has seen considerable fluctuation. As of April 25, 2025, Clearday's market cap was approximately $1.36 million. This represents a substantial decrease, reflecting a 92.32% drop in one year and a 97.45% decline since September 10, 2021, when its market cap was $53.26 million. This demonstrates the volatility and challenges faced by the company, influencing the perception of Clearday ownership among investors.
| Metric | Value | Date |
|---|---|---|
| Market Capitalization | $1.36 million | April 25, 2025 |
| Market Cap Decline (1 year) | 92.32% | April 25, 2025 |
| Market Cap Decline (since Sept 10, 2021) | 97.45% | April 25, 2025 |
Key stakeholders in Clearday include James Walesa, who serves as Executive Chairman, President, and Chief Executive Officer. SEC filings reveal insider transactions, such as Walesa's purchase of 1,776,440 shares at $0.68 on January 3, 2023, bringing his total holdings to 3,053,827 shares. Other past insiders listed in filings include Billie Jay Parrish and Alan H. Channing. These individuals and their transactions are crucial to understanding the dynamics of Clearday ownership and the confidence levels of its executives. To understand how the company is trying to reach its target audience, read about the Marketing Strategy of Clearday.
Key Takeaways on Clearday Ownership
Clearday's ownership structure has changed significantly due to mergers and market performance.
- Market capitalization has seen a substantial decline.
- James Walesa is a key insider, with significant shareholdings.
- The company has explored strategic partnerships to boost its market presence.
- Understanding the ownership structure provides insights into the company's direction.
Clearday PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on Clearday’s Board?
The current board of directors of the company includes a mix of executive leaders and independent directors. James T. Walesa serves as the Executive Chairman, President, and Chief Executive Officer. B. J. Parrish is the Interim Chief Financial Officer, Chief Operating Officer, and Executive Director. Other key members include Richard M. Morris as Executive Vice President and General Counsel, Linda L. Carrasco as Executive Vice President and President of Memory Care America LLC, and Gary Sawina as Executive Vice President and Director of Real Estate Operations. Independent directors are Elizabeth M. Caveness, Alan H. Channing, and Richard M. Levychin.
James Walesa's long tenure and roles since the merger highlight his significant influence over the company's direction. The board composition reflects a blend of operational expertise and independent oversight, which is essential for corporate governance. The company's filings, such as 8-K and 10-Q forms, provide updates on corporate changes and financial performance, ensuring transparency for Clearday investors.
| Director | Title | Role |
|---|---|---|
| James T. Walesa | Executive Chairman, President, and CEO | Oversees company strategy and operations |
| B. J. Parrish | Interim CFO, COO, and Executive Director | Manages financial and operational aspects |
| Richard M. Morris | Executive Vice President and General Counsel | Provides legal counsel and strategic guidance |
| Linda L. Carrasco | Executive Vice President and President of Memory Care America LLC | Leads the Memory Care America division |
| Gary Sawina | Executive Vice President and Director of Real Estate Operations | Oversees real estate operations |
| Elizabeth M. Caveness | Independent Director | Provides independent oversight |
| Alan H. Channing | Independent Director | Provides independent oversight |
| Richard M. Levychin | Independent Director | Provides independent oversight |
The company's common stock has a par value of $0.001. Typically, unless otherwise stated, common stock has a one-share-one-vote structure. Recent changes include the resignation of Jeffrey A. Coleman as a director, announced on May 2, 2024. The company’s filings offer insights into the Clearday ownership structure and any changes in voting rights. Understanding the board's composition is crucial for anyone looking into Clearday stock and the company's future.
Key Takeaways on Clearday's Board
The board includes executive and independent directors, ensuring a balance of operational expertise and oversight.
- James T. Walesa is the Chairman and CEO, with significant influence.
- Recent changes include the resignation of a director in May 2024.
- The company's filings provide transparency on governance and voting matters.
- Understanding the board is key for those interested in Clearday company.
Clearday Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped Clearday’s Ownership Landscape?
Over the past few years, the ownership landscape of the Clearday company has shifted due to strategic moves aimed at improving its market position and financial health. A key development was the proposed merger with Viveon Health Acquisition Corp., a Special Purpose Acquisition Company (SPAC). This deal's valuation grew significantly, starting at $150 million in March 2023 and reaching $500 million by August 2023, signaling a strategic assessment of Clearday's potential. The merger aimed to list Clearday on the NYSE American, with Clearday security holders expected to receive 25 million shares. However, the completion status of this merger is not confirmed in the latest available information.
Leadership changes also impacted the company's ownership. Jeffrey A. Coleman resigned as a director on May 2, 2024. Insider transactions show that James Walesa, the CEO, increased his ownership by purchasing 1,776,440 shares on December 30, 2022, bringing his total holdings to 3,053,827 shares. These changes reflect ongoing efforts to restructure and grow the company amidst a challenging market environment.
| Metric | Date | Value |
|---|---|---|
| Market Capitalization | September 10, 2021 | $53.26 million |
| Market Capitalization | April 25, 2025 | Approximately $1.36 million |
| Percentage Decrease | September 10, 2021 - April 25, 2025 | -97.45% |
The company's market capitalization has seen a notable decline, falling from $53.26 million on September 10, 2021, to roughly $1.36 million by April 25, 2025. This represents a -97.45% decrease. Additionally, Clearday entered agreements with an institutional lender on March 21, 2024, to amend financing agreements, securing approximately $1,175,173 in net financing to cover mortgage and property taxes, along with an extra $263,827 in cash. These financial actions demonstrate strategies to manage existing debts and secure additional funding.
Ownership Structure
The company's engagement with a SPAC indicates a strategy to attract new institutional investment. This approach aims to achieve a higher valuation through a public listing on a major exchange. The exploration of a deSPAC transaction also highlights efforts to unlock value.
Key Developments
Key developments include the proposed merger with a SPAC and insider transactions. The merger's valuation increased substantially, and the CEO increased his share ownership. These actions reflect strategic adjustments and leadership decisions.
Market Performance
The market capitalization has decreased significantly. This decline highlights challenges in the market. The company has also secured additional financing to manage its financial obligations.
Strategic Initiatives
The company has been exploring various strategic initiatives, including a merger with a SPAC and securing additional financing. It also retained ClearThink Capital LLC for a deSPAC transaction in January 2023.
Clearday Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
Related Blogs
- What are Mission Vision & Core Values of Clearday Company?
- What is Competitive Landscape of Clearday Company?
- What is Growth Strategy and Future Prospects of Clearday Company?
- How Does Clearday Company Work?
- What is Sales and Marketing Strategy of Clearday Company?
- What is Brief History of Clearday Company?
- What is Customer Demographics and Target Market of Clearday Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.