−Removed: UNREGISTERED SALES OF EQUITY SECURITIES
−Removed: AND USE OF PROCEEDS
−Removed: Stock and Treasury Stock
−Removed: On February 24, 2022, the Company recognized the equity
−Removed: of DIA Holdings as part of the reorganization which resulted in the Company recognizing the issuance of 13,716,041 shares of common stock
−Removed: and 15,100 shares of treasury stock.
−Removed: 24, 2022, the Company issued 4,000,000 shares of common stock as a commitment fee in conjunction with the issuance of promissory note
−Removed: 24, 2022, the Company issued 2,464,784 shares of Series A preferred stock to acquire all of the issued and outstanding common stock of
−Removed: DIA pursuant to the Share Exchange.
−Removed: In March 2022, the Company issued an additional 129,809 shares of Series A preferred stock to acquire
−Removed: an equal number of shares of common stock issued by DriveItAway, Inc., its wholly-owned subsidiary, upon the conversion of certain notes
−Removed: previously issued by DriveItAway, Inc.
−Removed: Each share of
−Removed: Series A preferred stock is convertible into 33.94971 shares of common stock.
−Removed: 24, 2022, the Company issued 1,000,000 warrants in conjunction with the issuance of the promissory note to AJB Capital Investments, LLC.
−Removed: The warrants have an exercise price of $0.30 per share and expire five (5) years from the date of issuance.
−Removed: The securities in the transactions described above
−Removed: were sold or issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act for transactions
−Removed: not involving any public offering.
−Removed: All certificates evidencing the shares sold or issued bore a restrictive legend.
−Removed: No underwriter participated
−Removed: in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection
−Removed: The proceeds from these sales were used for general corporate purposes.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: 2022, the Company issued 88,085,681 shares of common stock as a result of the conversion of all outstanding shares of Series A
+Added: Preferred Stock.
+Added: The securities
+Added: in the foregoing transaction issued in reliance on the exemption from registration provided in Section 3(a)(9) of the Securities
+Added: Act for securities solely in exchange for other securities of the issuer.
+Added: June 2022, the Company’s board
+Added: of directors approved an offering of up to 10 Units in a private offering at $50,000 per Unit.
+Added: Each Unit consists of a secured convertible
+Added: note with an original principal balance of $50,000 and one warrant to purchase common stock for every $2 invested in the offering.
+Added: warrants have an exercise price of $0.30 per share and expire five (5) years from the date of issuance.
+Added: Each secured convertible note
+Added: bears interest at 15% per annum, matures two years after the date of issuance, and is convertible at the option of the holder into common
+Added: stock at $0.20 per share.
+Added: During June 2022, the Company sold a total of five Units for $250,000 to two accredited investors, which resulted
+Added: in the issuance of two secured promissory notes with aggregate principal amount of $250,000, and the issuance of 125,000 warrants .
+Added: securities in the transactions described above were sold or issued in reliance on the exemption from registration provided in Section
+Added: 4(a)(2) of the Securities Act for transactions not involving any public offering.
+Added: All certificates evidencing the shares sold or
+Added: issued bore a restrictive legend.
+Added: No underwriter participated in the offer and sale of these securities, and no commission or other
+Added: remuneration was paid or given directly or indirectly in connection therewith.
+Added: The proceeds from these sales were used for general
+Added: corporate purposes.
DEFAULTS UPON SENIOR SECURITIES
2 unchanged sentences
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.