Subsequent events

12 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent events

9. Subsequent events

The Group evaluated subsequent events from September 30, 2024, the date of these consolidated financial statements, through December 27, 2024, which represents the date the consolidated financial statements are issued, for events requiring recording or disclosure in the consolidated financial statements for the year ended September 30, 2024. The Group concluded that no other events have occurred that would require recognition or disclosure in the consolidated financial statements, except the events described below.

Stock split  

On October 8, 2024, the shareholders and Board of Directors of the Company approved a 20 for 1 forward stock split (the “Stock Split”) of the Company’s authorized, issued and outstanding shares of common stock, par value $0.0001. Each pre-split share of common stock outstanding was automatically converted into 20 new shares of common stock. In addition, 600,000 shares of post-split Class B Common Stock were converted into Class A Common Stock, and the outstanding Class A and Class B Common Stock after the Stock Split and conversion were 600,000 shares and 19,400,000 shares, respectively.

Increase in authorized stock 

In October 2024, the Company had filed a Certificate of Amendment with the Office of the Secretary of State of Delaware to effective an increase in the Company’s authorized shares of capital stock to 101,000,000 shares each with a par value of $0.0001 per share, consisting of 80,000,000 shares of Class A Common Stock, 20,000,000 shares of Class B Common Stock and 1,000,000 shares of preferred stock.