Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities.
Market Information
Our Common Stock is not currently listed on a publicly
traded market or exchange.
Holders
As of March 27, 2025, there
were 14,505,000 shares of our Common Stock, held by approximately 23 shareholders of record.
Dividends
We have not paid any dividends on our Common Stock
to date. The payment of cash dividends in the future will be dependent upon revenues and earnings, if any,
capital requirements and general financial condition from time to time. The payment of any cash dividends will be within the discretion
of the Board. Currently we expect that we will retain any earnings for use in our business operations and, accordingly, we do not expect
that the Board will declare any dividends in the foreseeable future.
Transfer Agent
VStock Transfer, LLC., 18 Lafayette Place, Woodmere,
New York 11598.
Securities Authorized for Issuance under Equity Compensation Plans
None.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered
Offerings
From March 12 to March 25, 2024, the Company entered
a series of subscription agreement with certain individual investors to issue 955,000 common shares of the Company for aggregate gross
proceeds of $930,000. Such agreements provided for, among other things, certain restrictions on transferability and registration rights.
Unless otherwise stated, the sales of the above
securities were deemed to be exempt from registration under the Securities Act in reliance upon Section 4(a)(2) of the Securities Act
(or Regulation D or Regulation S promulgated thereunder), or Rule 701 promulgated under Section 3(b) of the Securities Act as transactions
by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule
701. The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment
only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed on the stock
certificates issued in these transactions.
Item 6. [Reserved]
8
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