Shareholders’ Equity |
3 Months Ended |
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Mar. 31, 2025 | |
| Equity [Abstract] | |
| Shareholders’ Equity | Note 7 - Shareholders’ Equity
On March 28, 2022 and April 3, 2022, Union issued a total of shares of its common stock to Exworth Management LLC, managing entity of Union, at a price of $ per share or $100 total.
On June 8, 2022, Union issued shares of its common stock to World Class Global Technology PTE LTD. (“World Class”) at an amended price of $ per share or $350,000 total.
Effective August 31, 2022, STQN issued a total of 150,000 warrants to its three directors (prior to the August 31, 2022 change in control) for past services rendered to STQN. The warrants are exercisable into shares of STQN common stock at a price of $1.20 per share and expire August 31, 2027.
On December 22, 2022, STQN completed a reverse acquisition transaction with the two shareholders of Union (See Note 1). Exworth Management received shares of STQN common stock in exchange for the shares of Union common stock it owned and World Class received shares of STQN common stock in exchange for the shares of Union common stock it owned.
On October 31, 2024, following a review of corporate law developments and market practices, the board of directors approved and adopted an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), effective as of November 1, 2024. Among other updates, the Amended and Restated Bylaws authorize the issuance of uncertificated shares for some or all classes or series of the Company’s stock.
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