Item 1. Legal Proceedings
Item 1. Legal Proceedings.
There have been no material changes to the legal
proceedings previously disclosed in Item 3 of our Registration Statement on Form 10 filed with the Securities and Exchange Commission
on March 12, 2026 except for that disclosed below
In April, 2026, the Company obtained an amended
default judgment in the Superior Court of Washington, King County, rescinding certain legacy asset purchase agreements and declaring void
ab initio the prior issuance of an aggregate 1,683,000,000 shares of the Company’s common stock. Pursuant to the order, the Company’s
transfer agent was authorized and directed to cancel such shares and correct the Company’s stock ledger accordingly.
Item 1A. Risk Factors
There have been no material changes to the risk factors previously disclosed in our Registration Statement on Form 10 filed with the Securities
and Exchange Commission on March 12, 2026.
Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.
None.
Item 3. Defaults upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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