Ribo
1 day ago
Acquisition of Kaboomracks, Inc. In November 2024, the Company closed a Plan and Agreement of Merger with Kaboomracks, Inc., pursuant to which we acquired Kaboomracks by issuing 100,000 shares of Series F Preferred Stock to the shareholders of Kaboomracks, Inc. In connection with such acquisition, Logan W. Rice, the Companyโs former sole officer and director became our Chief Financial Officer, Greg Bachrach became our Chief Executive Officer and Brian Snyder became our Chief Strategic Officer.
Series F Preferred Stock. Each share of Series F Preferred Stock has the right to one vote in all matters requiring shareholder approval. Each share of Series F Preferred Stock shall be convertible at any time into a number of shares of the Companyโs common stock that equals 0.000425% of the number of issued and outstanding shares of the Companyโs common stock outstanding on the date of conversion, such that 100,000 shares of Series F Preferred Stock would convert into 42.5% of the number of issued and outstanding shares of the Companyโs common stock outstanding on the date of conversion.
https://www.otcmarkets.com/otcapi/company/financial-report/417543/content