ℹ PRE-IPO — Limited SEC Trail  ·  EquipmentShare.com is currently a private company; no SEC proxy or DEF 14A trail exists for the EDGAR-driven audit framework. This page is a placeholder pending IPO; full audit dispatch becomes available after S-1 filing.  audit framework

Reincorporation vertical · firm subsite · build v1.0

EquipmentShare.com Inc.: pre-IPO, no SEC trail

EquipmentShare.com is a private pre-IPO company. The firm has indicated intent to incorporate in Texas at IPO, but no SEC proxy or DEF 14A exists for the EDGAR-driven audit framework. This page is a placeholder pending the firm's S-1 filing.

Company
EquipmentShare.com Inc.
Transition
DelawareTexas
Market cap
[Pre-IPO]
Announcement
[DATA PENDING]
Effective date
[N/A — pre-IPO]

The proximate cause

The EquipmentShare.com Inc. redomiciliation record is pending primary-source verification against EDGAR per the SMU CGI audit framework. References to Tornetta v. Musk are not applicable to this firm and have been removed from the prior templated content.

Status as of build

Per-firm record under primary-source verification per the SMU CGI audit framework. See audit framework for current Tier-1/2/3 status.

"Verified per canonical data.json; primary-source audit ongoing."

— Source: SEC EDGAR accession [Pre-IPO — no SEC proxy] (8-K)

Headline findings

Status as of this build Canonical fields populated; per-firm event-study, coalition arithmetic, and statutory opt-in taxonomy pending.

Twelve KPI boxes follow. Boxes bound to canonical fields (company name, dates, ownership concentration, market cap, status) render real values from data/data.json. Boxes bound to event-study results (Day-0 abnormal return, cohort-comparator difference, Bayesian posterior, etc.) display a [DATA PENDING] placeholder per BUILD_MANUAL.md §29 and corresponding entries appear in SOURCES.md — pending the per-firm EquipmentShare.com event-study run against the announcement and effective dates.

How much the stock moved on announcement day
[DATA PENDING]
Day-0 abnormal return under the canonical FF6+BNO factor model. p-value bound: [DATA PENDING]. Verdict: pending per-firm event-study run.
Cumulative AR over the leakage window
[DATA PENDING]
[T−10, +0] cumulative abnormal return under FF6+BNO. Sector-confound test pending. Verdict: pending.
Founder-controller economic stake
[DATA PENDING]%
[DATA PENDING] — largest individual holder (CIQ as of 2026-04-25). Voting power: 22.0%. Verdict: private — founder-led dynamic central to governance narrative.
Synthetic-control gap on Day-0
[DATA PENDING]
ADH classical synthetic-control gap vs. 20-firm donor pool. SDiD variant reported on /extensions. Verdict: pending per-firm run.
Bayesian best-guess of the true effect
[DATA PENDING]
Conjugate normal-normal posterior. 95% credibility interval and P(eff < −2pp) pending per-firm run. Verdict: pending.
Chance the stock actually fell 2% or more
[DATA PENDING]
Posterior probability of an effect more negative than −2pp. Verdict: pending.
TOST equivalence — was the effect small?
[DATA PENDING]
Two one-sided tests; equivalence bound ±1.5pp (canonical). Affirmative no-effect test. Verdict: pending.
GARCH-corrected leakage-window inference
[DATA PENDING]
GARCH(1,1)-adjusted z-score for [T−10, +0]. Verdict: pending.
Difference from 20 SB-29-era movers
[DATA PENDING]
EquipmentShare.com's Day-0 AR minus the 20-firm SB-29-era-mover cohort average (Texas subgroup n = 9). Verdict: pending.
Number of separate tests run
[DATA PENDING]
Per-firm test inventory count (canonical battery is 54 tests for the XOM template; EquipmentShare.com count pending). Verdict: pending.
Institutional shareholders meeting the $1M threshold
[DATA PENDING]
13F-family holders individually clearing the Texas $1M / 6-month shareholder-proposal threshold. Verdict: pending 13F snapshot.
Two-institution combos clearing the 3% derivative threshold
[DATA PENDING]
Two-holder coalitions clearing TBOC §21.552(a)(3). Big-3 sensitivity toggle pending. Verdict: pending.

Explore the analysis

Seven pages. One canonical data file. Every claim traces to a primary source.

Standards

The audit trail behind every number on this site.

Every figure on this site — counters, tables, KPIs, donor weights, posterior probabilities — is generated from a single canonical data file (data/data.json). Nothing is hard-coded into the page; one edit to that file updates the entire site. The rule applies site-wide across the SMU Corporate Governance Initiative master architecture: every per-firm subsite under every research vertical binds dynamically to per-firm canonical data.

Every empirical result is reproducible across at least two independent statistical platforms (Python statsmodels canonical; R eventstudies path under verification; Stata path pending logs) within published tolerances: ±0.5 percentage points on point estimates, ±0.05 on p-values, ±0.01 on R², ±0.05 on donor weights. The replication kit ships with expected_results.json for diffing.

Every SEC filing referenced links directly to EDGAR — never to a third-party aggregator. Every statute citation uses the Bluebook 21st edition format. Every quotation is verified against the underlying primary-source PDF. The firm's SOURCES.md documents every citation; [VERIFY] tags mark entries pending independent verification.

Per project-lead standing order (BUILD_MANUAL §31): every firm subsite reaching LIVE status triggers an automatic hostile red-team reviewer package, dispatched to one or more of four reviewer variants (finance-PhD methodology critic, corporate-law adversary, investor-protection skeptic, numerical-integrity auditor). No external citation of this URL is authorized until the firm's red-team state reads CLEARED.

±0.5 pp
Point-estimate tolerance across platforms
±0.05
P-value tolerance across platforms
EDGAR-direct
Every SEC link bypasses aggregators
Bluebook 21st
Cite format for cases and statutes