Stockholders Deficiency

12 Months Ended

May 31, 2020

Stockholders Deficiency

Note 6 - Stockholders' Deficiency

 Shares authorized 

Upon formation the total number of shares of all classes of stock which the Company is authorized to issue is seventy-five million (75,000,000) shares of common stock, par value $0.001 per share.

Unregistered shares of common stock 

The Company’s officer and director subscribed for 1,000 shares at $0.001 per share upon incorporation on February 15, 2018. In September 2018, the Company sold 1,500,000 shares of its common stock at par to its director for $1,500 in cash. At the same time, the Company cancelled a subscription agreement for 1,000 common shares subscribed for by the Company’s director upon formation of the Company.

Registered shares of common stock

During November and December 2019, the Company issued 971,000 unregistered shares of common stock at $0.025 per share for total proceeds of $24,275.

In April of 2020, the Company filed a Form S-1 Registration Statement with the Securities and Exchange Commission to register previously issued 971,000 shares of common stock. This Registration Statement was declared effective on July 2, 2020.