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WHOLLY OWNED SUBSIDIARY
9 Months Ended
Feb. 28, 2025
Wholly Owned Subsidiary  
WHOLLY OWNED SUBSIDIARY

NOTE 4 – WHOLLY OWNED SUBSIDIARY

 

On May 21, 2020, the Company established Raisewise Sweden AB, a Swedish limited liability, having a Crowdfunding platform. Raisewise Sweden AB was initially formed as a 100% owned subsidiary that has been granted a registration to provide Crowdfunding services with the national regulator in Sweden. On December 22, 2020, Medcap LTD, an unaffiliated third-party, agreed to purchase a twenty (20%) percent ownership in the wholly owned subsidiary for $50,000. There have been no transactions as of February 28, 2025.

 

On January 8, 2021, the Company created an additional wholly subsidiary, Raisewise Morocco L.L.C. No assets or liabilities have been recorded on its balance sheet, nor has the subsidiary had any transactions since inception. The subsidiary’s purpose is to create a Crowdfunding platform that provides individual investors in Morocco with access to investment opportunities. The Company owns 100% of the subsidiary.