1 unchanged sentence
Company’s common stock was quoted on the OTCPink tier of the OTC Markets under the symbol “BWMG” since April 15, 2025.
−Removed: As of April 15, 2025, the Company common stock has traded on the Expert Market of the OTC.
−Removed: On June, 2025, the
−Removed: closing sale price of our common stock was $0.012 per share.
+Added: As of April 15, 2025, the Company common stock has traded on the OTCID Basic Market.
+Added: On March 30, 2026, the closing sale price
+Added: of our common stock was $0.012 per share.
+Added: Management believes that transparent reporting,
+Added: disciplined corporate governance, and consistent investor communications are essential to long-term shareholder value creation.
+Added: to expanding its operating businesses and strengthening financial performance, the Company is focused on enhancing its public company
+Added: profile and improving accessibility for current and prospective investors.
+Added: These efforts include maintaining timely public
+Added: disclosures, expanding investor outreach initiatives, and pursuing operational and reporting milestones that may support qualification
+Added: for higher tiers of the OTC Markets, such as the OTCQB Venture Market, as the Company’s financial condition, reporting status, and
+Added: market conditions permit.
+Added: While no assurance can be provided that such objectives will be achieved, management believes these initiatives,
+Added: together with continued growth of the Company’s marine technology and recreational product platforms, may contribute to increased
+Added: market visibility, improved liquidity, and broader investor participation over time.
of Common Stock
18 unchanged sentences
Represents stock options granted to employees under the Equity Compensation Plan.
−Removed: shares are reserved for issuance under such Plan.
+Added: 25,000,000 shares are reserved for issuance under such
Represents (i) a five-year option to purchase an aggregate of 21,759,400 shares of common stock at $0.0399 per share issued to Blake
2 unchanged sentences
Sales of Unregistered Securities
+Added: Except as set forth below, there
were no sales of equity securities during the period covered by this Report that were not registered under the Securities Act and were
not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company.
+Added: On August 31, 2025 the Company issued 3,302,148
+Added: shares of common stock to Blake Carmichael as compensation for a reduction in salary.
+Added: On September 30, 2025 the Company issued
+Added: 648,583 shares of common stock to Blake Carmichael as compensation for a reduction in salary.
+Added: On October 31, 2025 the Company issued
+Added: 648,583 shares of common stock to Blake Carmichael as compensation for a reduction in salary.
+Added: On November 30, 2025 the Company issued
+Added: 648,583 shares of common stock to Blake Carmichael as compensation for a reduction in salary.
+Added: On December 31, 2025 the Company issued
+Added: 648,583 shares of common stock to Blake Carmichael as compensation for a reduction in salary.
+Added: The fair value of these shares was
+Added: The above issuances did not
+Added: involve any underwriters, underwriting discounts or commissions, or any public offering and we believe are exempt from the registration
+Added: requirements of the Securities Act of 1933 by virtue of Section 4 (2) thereof.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.