What changed in this filing

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Item 1. Business

2023-02-16 compared with 2022-12-27 · 105 added, 106 removed, 52 unchanged (80% of the section changed)

2 unchanged sentences

for growth in return for shares of our Common Stock.

potential merger candidate has been identified at this time.

do not propose to restrict our search for a business opportunity to any particular industry or geographical area and may, therefore,

engage in essentially any business in any industry.

We have unrestricted discretion in seeking and participating in a business opportunity,

subject to the availability of such opportunities, economic conditions, and other factors.

selection of a business opportunity in which to participate is complex and risky.

Additionally, we have only limited resources and may

find it difficult to locate good opportunities.

There can be no assurance that we will be able to identify and acquire any business opportunity

which will ultimately prove to be beneficial to us and our shareholders.

We will select any potential business opportunity based on our

management's best business judgment.

activities are subject to several significant risks, which arise primarily as a result of the fact that we have no specific business,

and may acquire or participate in a business opportunity based on the decision of management, which potentially could act without the

consent, vote, or approval of our shareholders.

The risks faced by us are further increased as a result of a lack of resources and our

inability to provide a prospective business opportunity with significant capital.

Company was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp.

On December 5, 1994, Coastal Financial

changed its name to BDR Industries, Inc., which changed its name on October 16, 1995, to ConectiSys Corporation.

Company was engaged in the development of a low-cost automatic meter reading, or AMR Solution, until it ceased all business activity

have had no revenues from fiscal year 2008 through the date of this filing.

General Business

business plan to seek a merger has many uncertainties which pose risks to investors.

merger candidate has been identified at this time.

propose to restrict our search for a business opportunity to any particular industry or geographical area and may, therefore, engage in

essentially any business in any industry.

We have unrestricted discretion in seeking and participating in a business opportunity, subject

to the availability of such opportunities, economic conditions, and other factors.

The selection

of a business opportunity in which to participate is complex and risky.

Additionally, we have only limited resources and may find it difficult

to locate good opportunities.

There can be no assurance that we will be able to identify and acquire any business opportunity which will

ultimately prove to be beneficial to us and our shareholders.

We will select any potential business opportunity based on our management's

best business judgment.

Our activities

are subject to several significant risks, which arise primarily as a result of the fact that we have no specific business, and may acquire

or participate in a business opportunity based on the decision of management, which potentially could act without the consent, vote, or

approval of our shareholders.

The risks faced by us are further increased as a result of a lack of resources and our inability to provide

a prospective business opportunity with significant capital.

was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp.

On December 5, 1994, Coastal Financial Corp.

its name to BDR Industries, Inc., which changed its name on October 16, 1995, to ConectiSys Corporation.

was engaged in the development of a low-cost automatic meter reading, or AMR Solution, until it ceased all business activity in 2008.

had no revenues from fiscal year 2008 through the date of this filing.

Business Plan

plan to seek a merger has many uncertainties which pose risks to investors.

intend to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to us by persons

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including dilution and management.

expect that the selection of a business opportunity will be complex.

Due to general economic conditions, rapid technological advances

being made in some industries and shortages of available capital, we believe that there are numerous firms seeking the benefits of an

issuer who has complied with the 1934 Act.

Such benefits may include facilitating or improving the terms on which additional equity financing

may be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to

restrictions of applicable statutes) for all stockholders and other factors.

Potentially, available business opportunities may occur

in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis

of such business opportunities extremely difficult and complex.

We have, and will continue to have, essentially no assets to provide

the owners of business opportunities.

However, we will be able to offer owners of acquisition candidates the opportunity to acquire a

controlling ownership interest in an issuer who has complied with the 1934 Act without incurring the cost and time required to conduct

an initial public offering.

analysis of new business opportunities will be undertaken by, or under the supervision of, our Board of Directors.

We intend to concentrate

on identifying preliminary prospective business opportunities which may be brought to our attention through present associations of our

director, professional advisors or by our stockholders.

In analyzing prospective business opportunities, we will consider such matters

as (i) available technical, financial and managerial resources;

that the selection of a business opportunity will be complex.

Due to general economic conditions, rapid technological advances being made

in some industries and shortages of available capital, we believe that there are numerous firms seeking the benefits of an issuer who

has complied with the 1934 Act.

Such benefits may include facilitating or improving the terms on which additional equity financing may

be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions

of applicable statutes) for all stockholders and other factors.

Potentially, available business opportunities may occur in many different

industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business

opportunities extremely difficult and complex.

We have, and will continue to have, essentially no assets to provide the owners of business

opportunities.

However, we will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest

in an issuer who has complied with the 1934 Act without incurring the cost and time required to conduct an initial public offering.

of new business opportunities will be undertaken by, or under the supervision of, our Board of Directors.

We intend to concentrate on

identifying preliminary prospective business opportunities which may be brought to our attention through present associations of our director,

professional advisors or by our stockholders.

In analyzing prospective business opportunities, we will consider such matters as (i) available

technical, financial and managerial resources;

(ii) working capital and other financial requirements;

(iii) history

of operations, if any, and prospects for the future;

(iii) history of operations, if

any, and prospects for the future;

(iv) nature of present and expected competition;

(v) quality, experience and depth

of management services;

(v) quality, experience and depth of management services;

(vi) potential for further research, development or exploration;

(vii) specific risk factors not now foreseeable

but that may be anticipated to impact the proposed activities of the company;

(vii) specific risk factors not now foreseeable but that may be anticipated

to impact the proposed activities of the company;

(viii) potential for growth or expansion;

(ix) potential

(x) public recognition and acceptance of products, services or trades;

(ix) potential for profit;

(x) public recognition

and acceptance of products, services or trades;

(xi) name identification;

and (xii) other factors

that we consider relevant.

As part of our investigation of the business opportunity, we expect to meet personally with management and

key personnel.

To the extent possible, we intend to utilize written reports and personal investigation to evaluate the above factors.

will not acquire or merge with any company for which audited financial statements cannot be obtained within a reasonable period of time

after closing of the proposed transaction.

implementing a structure for a particular business acquisition, we may become a party to a merger, consolidation, reorganization, joint

venture, or licensing agreement with another company or entity.

and (xii) other factors that we consider relevant.

our investigation of the business opportunity, we expect to meet personally with management and key personnel.

To the extent possible,

we intend to utilize written reports and personal investigation to evaluate the above factors.

not acquire or merge with any company for which audited financial statements cannot be obtained within a reasonable period of time after

closing of the proposed transaction.

In implementing

a structure for a particular business acquisition, we may become a party to a merger, consolidation, reorganization, joint venture, or

licensing agreement with another company or entity.

We may also acquire stock or assets of an existing business.

Upon consummation

of a transaction, it is probable that our present management and stockholders will no longer be in control of us.

In addition, our sole

director may, as part of the terms of the acquisition transaction, resign and be replaced by new directors without a vote of our stockholders,

Upon consummation of

a transaction, it is probable that our present management and stockholders will no longer be in control of us.

In addition, our sole director

may, as part of the terms of the acquisition transaction, resign and be replaced by new directors without a vote of our stockholders,

or sell his stock in us.

Any such sale will only be made in compliance with the securities laws of the United States and any applicable

is anticipated that any securities issued in any such reorganization would be issued in reliance upon exemption from registration under

application federal and state securities laws.

In some circumstances, as a negotiated element of the transaction, we may agree to register

all or a part of such securities immediately after the transaction is consummated or at specified times thereafter.

If such registration

occurs, it will be undertaken by the surviving entity after it has successfully consummated a merger or acquisition and is no longer

considered an inactive company.

issuance of substantial additional securities and their potential sale into any trading market which may develop in our securities may

have a depressive effect on the value of our securities in the future.

It is anticipated

that any securities issued in any such reorganization would be issued in reliance upon exemption from registration under application federal

and state securities laws.

In some circumstances, as a negotiated element of the transaction, we may agree to register all or a part of

such securities immediately after the transaction is consummated or at specified times thereafter.

If such registration occurs, it will

be undertaken by the surviving entity after it has successfully consummated a merger or acquisition and is no longer considered an inactive

of substantial additional securities and their potential sale into any trading market which may develop in our securities may have a depressive

effect on the value of our securities in the future.

There is no assurance that such a trading market will develop.

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significant dilution in the equity of our stockholders.

part of our investigation, we expect to meet personally with management and key personnel, visit and inspect material facilities, obtain

independent analysis of verification of certain information provided, check references of management and key personnel, and take other

reasonable investigative measures, to the extent of our limited financial resources and management expertise.

The manner in which we

participate in an opportunity will depend on the nature of the opportunity, the respective needs and desires of both parties, and the

management of the opportunity.

respect to any merger or acquisition, and depending upon, among other things, the target company’s assets and liabilities, our

stockholders will in all likelihood hold a substantially lesser percentage ownership interest in us following any merger or acquisition.

The percentage ownership may be subject to significant reduction in the event we acquire a target company with assets and expectations

Any merger or acquisition can be expected to have a significant dilutive effect on the percentage of shares held by our stockholders.

will participate in a business opportunity only after the negotiation and execution of appropriate written business agreements.

the terms of such agreements cannot be predicted, generally we anticipate that such agreements will (i) require specific representations

and warranties by all of the parties;

of our investigation, we expect to meet personally with management and key personnel, visit and inspect material facilities, obtain independent

analysis of verification of certain information provided, check references of management and key personnel, and take other reasonable

investigative measures, to the extent of our limited financial resources and management expertise.

The manner in which we participate

in an opportunity will depend on the nature of the opportunity, the respective needs and desires of both parties, and the management of

the opportunity.

to any merger or acquisition, and depending upon, among other things, the target company’s assets and liabilities, our stockholders

will in all likelihood hold a substantially lesser percentage ownership interest in us following any merger or acquisition.

The percentage

ownership may be subject to significant reduction in the event we acquire a target company with assets and expectations of growth.

merger or acquisition can be expected to have a significant dilutive effect on the percentage of shares held by our stockholders.

participate in a business opportunity only after the negotiation and execution of appropriate written business agreements.

terms of such agreements cannot be predicted, generally we anticipate that such agreements will (i) require specific representations and

warranties by all of the parties;

(ii) specify certain events of default;

(iii) detail the terms of closing and the conditions which

must be satisfied by each of the parties prior to and after such closing;

(iii) detail the terms of closing and the conditions which must

be satisfied by each of the parties prior to and after such closing;

(iv) outline the manner of bearing costs, including costs associated

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and (vi) include miscellaneous other terms.

stated above, we will not acquire or merge with any entity which cannot provide independent audited financial statements within a reasonable

above, we will not acquire or merge with any entity which cannot provide independent audited financial statements within a reasonable

period of time after closing of the proposed transaction.

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will also contain a provision providing for reimbursement for our costs associated with the proposed transaction.

believe we are an insignificant participant among the firms which engage in the acquisition of business opportunities.

There are many

established venture capital and financial concerns that have significantly greater financial and personnel resources and technical expertise

than we have.

In view of our limited financial resources and limited management availability, we will continue to be at a significant

competitive disadvantage compared to our competitors.

we are an insignificant participant among the firms which engage in the acquisition of business opportunities.

There are many established

venture capital and financial concerns that have significantly greater financial and personnel resources and technical expertise than

In view of our limited financial resources and limited management availability, we will continue to be at a significant competitive

disadvantage compared to our competitors.

intellectual property.

We own no intellectual

We presently have no

full time executive, operational, or clerical staff.

Cacciamatta has been the sole director and sole officer of the Company since

August 1, 2020.

have no full time executive, operational, or clerical staff.

Cacciamatta has been the sole director and sole officer of the Company

since August 1, 2020.

Factors Affecting

Future Performance

than an operating business, our goal is to obtain debt and/or equity financing to meet our ongoing operating expenses and attempt to

merge with another entity with experienced management and opportunities for growth in return for shares of our Common Stock to create

value for our shareholders.

an operating business, our goal is to obtain debt and/or equity financing to meet our ongoing operating expenses and attempt to merge

with another entity with experienced management and opportunities for growth in return for shares of our Common Stock to create value

for our shareholders.

there is no assurance that this series of events will be successfully completed, we believe we can successfully complete an acquisition

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stockholders.

factors affecting our future performance are listed and explained below under the section “Risk Factors”.

affecting our future performance are listed and explained below under the section “Risk Factors”.

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.

What changed 10-K

Item 1. Business