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STOCKHOLDERS EQUITY
9 Months Ended
Apr. 30, 2025
STOCKHOLDERS EQUITY  
STOCKHOLDERS' EQUITY

NOTE 7 – STOCKHOLDERS’ EQUITY

 

The Company’s authorized common stock consists of 750,000,000 shares with par value of $0.00001. As of April 30, 2025 and July 31, 2024, the Company had 38,962,050 and 34,777,050 shares of common stock issued and outstanding.

 

On February 21, 2023, the Company filed a Certificate of Amendment together with Amended & Restated Articles of Incorporation with the Secretary of State of the State of Nevada increasing the Company’s authorized shares of common stock from 75,000,000 to 900,000,000, consisting of 750,000,000 shares of Common Stock, par value $0.00001 and 150,000,000 shares of authorized but undesignated preferred stock, par value $0.00001.

 

On March 31, 2023, the Company’s Board of Directors approved a 1 to 100 reverse stock split as of the record date of March 31, 2023. As of the date of filing the reverse stock split has not been approved by FINRA. The financial statements have been retroactively restated to show the effect of the stock split.

 

On May 24, 2023, the Company filed a Certificate of Designation (“Certificate of Designation”) with the Secretary of State of the State of Nevada that provided for the creation of Series A Preferred Stock and Series B Preferred Stock from the previously authorized but undesignated shares of the Company’s preferred stock.

The Company’s Certificate of Designation designates 10,000,000 shares as Series A Preferred Shares the designations, powers, preferences, rights, and restrictions granted or imposed upon the Series A Preferred Shares and holders thereof are as follows:

 

 

(i)

Series A Preferred Stock ranks senior to all other classes of stock;

 

(ii)

(ii) Series A Preferred Stock is convertible at a ratio of 1:10; and,

 

(iii)

(iii) Series A Preferred Stock votes by multiplying the number of shares of Series A Preferred Stock held by such holder by 100.

 

Additionally, the Company’s Certificate of Designation, designates 10,000,000 shares as Series B Preferred Shares the designations, powers, preferences, rights, and restrictions granted or imposed upon the Series B Preferred Shares and holders thereof are as follows:

 

 

(i)

Series B Preferred Stock ranks junior to all other classes of Preferred Stock;

 

(ii)

Series B Preferred Stock is convertible at a ratio of 1:50, and,

 

(iii)

Series B Preferred Stock votes by multiplying the number of shares of Series B Preferred Stock held by such holder by 500.

 

During nine months ended April 30, 2025, the Company issued 4,185,000 shares of common stock for $41,850 cash.