Datacentrex, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds During the three months ended June 30, 2025, the Company issued 2,982 shares of its Series A Preferred as dividends pursuant to the terms of the Series A Certificate of Designation. During the three months ended June 30 , 2025, the Company issued 1,980 shares of common stock with a fair market value of $ 10,098 for services rendered and to be rendered to the Company, which such issuance was made in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder for transactions not involving a public offering. During the three months ended June 30 , 2025 , the Company issued 183,750 shares of common stock upon the conversion of 14,700 shares of Series B Preferred at a conversion price of $4.00 per share. During the three months ended June 30 , 2025 , the Company issued 176 shares of common stock with a value of $1,249 as a dividend for the Series B Preferred, pursuant to the terms of the Series B Certificate of Designation. Share Repurchase Program Period Total number of shares (or units) purchased Average price paid per share (or unit) Total number of shares (or units) purchased as part of publicly announced plans or programs Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs January 1, 2025, to January 31, 2025 - $ - - - February 1, 2025, to February 28, 2025 - - - - March 1, 2025, to March 31, 2025 79,377 3.76 79,377 701,793 April 1, 2025, to April 30, 2025 - - - - May 1, 2025, to May 31, 2025 - - - - June 1, 2025, to June 30, 2025 - - - $ - Total 79,377 $ 3.76 79,377 $ 701,793 On March 7, 2025, the Board of Directors approved a share repurchase program authorizing the Company to purchase up to an aggregate of $1 million of the Company’s common stock through December 31, 2025. The share repurchase program is in accordance with Rule 10b-18 of the Exchange Act. Subject to applicable rules and regulations, the shares may be purchased from time to time in the open market or in privately negotiated transactions. Such purchases will be at times and in amounts as the Company deems appropriate, based on factors such as market conditions, legal requirements and other business considerations. Item 3. Defaults upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable. 34