Global Entertainment Holdings Signs Deal with PYX Wallets

LAS VEGAS, Oct. 21, 2026 /CourierPR/ -- Global Entertainment Holdings, Inc. (GBHL) has taken a significant step in its recovery and future growth by signing a binding letter of intent with PYX Wallets Inc. on October 16, 2026. The agreement, which is expected to be finalized on or before October 30, 2026, will see PYX acquiring voting control of GBHL and contributing its business to the company.

PYX Wallets Inc. is developing innovative titanium smart wallets designed to combine physical card protection with advanced fingerprint access and connected controls through mobile and desktop apps. The company’s flagship products, PyX Core and PyX Vault, are currently in development. PyX Core is aimed at everyday card security, while PyX Vault combines Core’s features with a hardware crypto wallet, offering offline storage for private keys and on-device transaction approval.

GBHL, which was left with no operations after its former management abandoned the company in 2023, has undergone a significant transformation under court supervision. In May 2025, the Eighth Judicial District Court of Nevada appointed a custodian to reinstate the company and appoint interim officers and directors. The court process also ran a creditor-notice process, and in March 2026, the court entered an order barring unasserted claims. On September 28, 2026, stockholders ratified the custodian’s actions, elected new management, and approved the cancellation of 3,702,000,000 shares issued under a rescinded 2023 share exchange.

The cleanup has had a noticeable impact on the company’s financials. GBHL’s total reported liabilities fell from approximately $856,000 at December 31, 2025, to approximately $384,000 at September 30, 2026, after the company recognized a gain of approximately $494,000 on liabilities barred by the court order. GBHL is now focused on establishing new operations and raising additional capital to support the launch of PYX’s products.

The change of control is expected to be completed when the audit and registration statement are filed with the SEC within 90 days after the change of control. Once the registration statement is effective, GBHL may raise additional capital to support the launch of PYX’s products. The company is also committed to maintaining full disclosure and adhering to applicable laws and regulations.

This strategic transaction marks a pivotal moment for GBHL as it transitions from a company in recovery to one with a robust product line and a clear path forward. The future of GBHL is now intertwined with the innovative technology and vision of PYX Wallets Inc.