SUBSEQUENT EVENTS |
9 Months Ended |
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Apr. 30, 2025 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 10 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation unless noted below, no material events have occurred that require disclosure.
On May 8, 2025, the Company issued 850,000 shares of common stock in connection with subscription agreements of $425,000 (Note 7).
On May 9, 2025, the Company entered into a binding Letter of Intent “LOI” with an entity” Target” for acquisition license of Target’s innovation systems for use along pursuing strategic partnership and merger of the Company and Target. The Company will have a license to Target’s system technology for carbon conversion to fullerenes and nanotubes. The consideration price are (i) license fee is one - time up-from payment of minimum $3M and up to $5M as mutually agreed, (ii) ongoing license fee of 25% of the net income generated by Target and (iii) grant of 20,000,000 shares of restricted common stock of the Company. These terms are subject to change as mutually agreed to. The two company’s goal is to complete the transaction by June 30, 2025. |