Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS.
The following table includes all unregistered sales
of securities made by the Company during the quarter ended July 31, 2025:
Date
Name
Consideration
Securities
Exemption from Registration
5/13/2025
Johnny Smith
Cash
400,000
Rule 506 (b) of Regulation D
5/13/2025
Samuel Austin Cutler
Cash
100,000
Rule 506 (b) of Regulation D
5/23/2025
Ubong E. Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
5/30/2025
Theodore O. Spaulding III
Cash
400,000
Rule 506 (b) of Regulation D
6/2/2025
Samuel Austin Cutler
Cash
300,000
Rule 506 (b) of Regulation D
6/5/2025
Eno Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
6/18/2025
Vindicated Phoenix Corp.
Cash
400,000
Rule 506 (b) of Regulation D
6/18/2025
Samuel Austin Cutler
Cash
100,000
Rule 506 (b) of Regulation D
6/18/2025
Jyi Chao Li
Cash
340,000
Rule 506 (b) of Regulation D
6/18/2025
Deborah D. Phillips
Cash
1,200,000
Rule 506 (b) of Regulation D
7/7/2025
Eno Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
7/3/2025
Ubong E. Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
6/30/2025
Vindicated Phoenix Corporation
Cash
1,000,000
Rule 506 (b) of Regulation D
7/23/2025
Vindicated Phoenix Corporation
Cash
100,000
Rule 506 (b) of Regulation D
7/30/2025
Stephen Z Morrell
Cash
4,800,000
Rule 506 (b) of Regulation D
7/10/2025
Samuel Austin Cutler
Cash
50,000
Rule 506 (b) of Regulation D
No commissions were paid in connection with
the sales of securities above. Proceeds from the sale of common stock were applied toward operating capital to support the Company's operations.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.